William Blair analyst Trevor Romeo has reiterated their bullish stance on KFY stock, giving a Buy rating on October 10.
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Trevor Romeo has given his Buy rating due to a combination of factors that highlight Korn Ferry’s strategic evolution and potential for growth. The company’s integrated strategy and the forthcoming Talent Suite digital platform are expected to drive significant value, enhancing long-term margins and reducing cyclicality.
Additionally, Korn Ferry’s current valuation metrics, such as its P/E and EV/EBITDA ratios, suggest it is trading below its historical averages, indicating a potential undervaluation. Romeo’s analysis suggests that the market may not fully appreciate Korn Ferry’s transformation into a more diversified and resilient entity, which could lead to substantial upside in stock value. Furthermore, the company’s strong balance sheet positions it well for potential earnings growth through macroeconomic recovery, strategic acquisitions, and share repurchases.
In another report released on October 10, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $79.00 price target.