RealPage, Inc. (RP) is a leader in real estate software and data analytics. Real Page has revenues of $900 million but has a target of $1.5 billion in revenues by 2022. With two recent developments, the acquisition of Hipercept and the announcement of RealPage AI Screening, it appears that they might just succeed.
These two developments, plus 25% YoY revenue growth and healthy free cash flow margin, make me bullish on this Growth-At-a-Reasonable-Price ((GARP)) stock. However, the stock price is modestly overvalued and I suggest waiting for a pullback to $61 before pulling