William Blair analyst Maggie Nolan has maintained their bullish stance on ASGN stock, giving a Buy rating on October 13.
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Maggie Nolan’s rating is based on ASGN’s strong performance in the third quarter, where the company exceeded expectations across various financial metrics, particularly in adjusted earnings per share. Despite a slight shortfall in fourth-quarter revenue guidance, ASGN’s margins and earnings projections remain solid. The commercial consulting segment showed notable growth, with organic revenue increasing and the TopBloc acquisition performing better than anticipated.
Additionally, ASGN’s federal revenue was robust, with no adverse effects from the government shutdown in the third quarter. Although some impact is expected in the fourth quarter, the company anticipates future benefits from the One Big Beautiful Bill Act, which could significantly boost defense spending. Confidence in a recovery for key sectors like financial services and technology, media, and telecommunications further supports the Buy rating, as these sectors show promising signs of improvement.
In another report released on October 13, Truist Financial also maintained a Buy rating on the stock with a $65.00 price target.