Jefferies analyst Samad Samana has maintained their bullish stance on CSU stock, giving a Buy rating on September 23.
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Samad Samana has given his Buy rating due to a combination of factors surrounding Constellation Software’s recent leadership transition. The company’s new President, Mark Miller, has assured investors of strategic continuity despite the sudden departure of the longstanding President and Founder, Mark Leonard, for health reasons. This assurance of maintaining the existing strategy provides confidence in the company’s stability and future direction.
Furthermore, Samana appreciates Miller’s focus on capital deployment, which remains a priority for the company. Miller’s experience and commitment to evaluating larger transactions and optimizing team compensation are seen as positive indicators for the company’s growth potential. Additionally, the openness to engage more consistently with investors is expected to bolster confidence during this transition period, supporting the Buy rating.
Samana covers the Technology sector, focusing on stocks such as Open Text, Constellation Software, and HubSpot. According to TipRanks, Samana has an average return of 3.2% and a 46.71% success rate on recommended stocks.
In another report released on September 23, TD Cowen also maintained a Buy rating on the stock with a C$5,700.00 price target.