** Shares of cloud-based software company up 15.5% at C$27.50 after beating sales estimates in its first quarterly report as a public company
** Says its payments service launched in January was adopted in about 40% of new U.S. retail customer locations in Q4
** CIBC raises PT to C$27 from C$26, says it expects co’s annual revenue growth to be ~50% over the next two years
** 4 of 5 brokerages rate the stock “buy” and 1 “hold”; their median PT is $25.50
** Shares have risen ~26% since IPO in March
Reporting by Shradha Singh in Bengaluru
Our Standards: The Thomson Reuters Trust Principles.