Benchmark Co. analyst Matthew Harrigan maintained a Buy rating on CSG Systems International today and set a price target of $85.00.
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Matthew Harrigan has given his Buy rating due to a combination of factors that highlight CSG Systems International’s resilience and strategic positioning in a potentially slowing economy. The company’s products deliver significant and immediate returns on investment for corporate clients, particularly through its robust telecom billing business. CSG’s focus on quantifiable AI solutions tailored to specific industry needs enhances its value proposition, especially in enabling comprehensive visibility from customer engagement to network layers, thus ensuring a unified customer experience.
CSG’s strategic partnerships, such as the expanded collaboration with AWS, underscore its growing importance in cloud transformation across telecommunications and financial services. The company’s customer experience, billing, and payment solutions are crucial for optimizing ROI and enhancing consumer experiences in the current global economic climate. Additionally, CSG’s platform, CSG Xponent, plays a critical role in improving customer engagement and operational efficiencies, which include reducing churn and increasing revenues. These factors collectively support the Buy rating, reflecting CSG’s potential for sustained growth and strategic advantage.
In another report released on July 2, Jefferies also reiterated a Buy rating on the stock with a $76.00 price target.