Deutsche Bank Increases PT From $15.00 To $20.00 And Decreases EPS From $0.14 To $0.12 On PRO

In a recent report from Deutsche Bank, PROS Holding PRO beat the estimates in 1Q resulting in Deutsche Bank to increase price target from $15.00 to $20.00, decrease EPS estimates from $0.14 to $0.12, and reiterate a buy rating on PRO. In the report, Deutsche Bank said, "The company raised its growth outlook to mid-20% revenue growth, up from single digits discussed earlier. With the new initiatives announced today, we believe PRO could be at an inflection point in its growth cycle." PRO closed yesterday at $14.79.