Morgan Stanley Sees Attractive Risk/Reward For Cvent

In a report published Thursday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on Cvent CVT. In the report, Morgan Stanley noted, “CVT posted another strong quarter with Marketing once again driving the bulk of revenue outperformance. We think the stock's risk/reward profile looks increasingly attractive following the recent pullback in the group, but continue to see greater relative opportunity in other high-growth names like NOW and VEEV.” Cvent closed on Wednesday at $23.46.