Analyst Bryan Bergin of TD Cowen maintained a Buy rating on Asure, with a price target of $11.00.
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Bryan Bergin has given his Buy rating due to a combination of factors, including Asure’s stronger-than-expected finish to 2025 and confirmation of its 2026 outlook. The company’s organic growth has reaccelerated to double-digit levels, supported by a growing backlog, higher product attach rates, and new service offerings that expand wallet share with existing customers.
He also emphasizes that Asure is entering a more scalable and profitable phase, with improving operating leverage and AI-driven efficiency gains across its platform. Despite broader market concerns about AI-related risks to software and HCM providers, he views the current valuation at under 2x expected 2027 EV/Sales as compelling relative to the company’s improving fundamentals and potential upside from future M&A.
In another report released today, Craig-Hallum also maintained a Buy rating on the stock with a $13.00 price target.