William Blair analyst Andrew Nicholas has reiterated their bullish stance on CBZ stock, giving a Buy rating on July 24.
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Andrew Nicholas has given his Buy rating due to a combination of factors that highlight CBIZ’s resilience and strategic cost management. Despite facing challenges such as geopolitical tensions, tariff uncertainties, and reduced government funding, CBIZ has managed to maintain its full-year guidance. The company’s ability to offset revenue pressures through strong cost control measures, like reducing incentive compensation and discretionary spending, has led to an improvement in adjusted EBITDA margin and adjusted EPS.
Furthermore, while revenue growth is expected to be at the lower end of the guidance range, this is seen as a conservative estimate. The management’s strategic approach to leveraging a flexible cost structure ensures that the reduced revenue outlook does not adversely affect profitability metrics. This adaptability and focus on maintaining profitability amidst market pressures underpin Andrew Nicholas’s confidence in CBIZ, justifying the Buy rating.
In another report released on July 24, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $81.00 price target.