William Blair analyst Trevor Romeo has maintained their bullish stance on KFY stock, giving a Buy rating on November 25.
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Trevor Romeo has given his Buy rating due to a combination of factors that suggest potential upside for Korn Ferry. The company is expected to report a strong fiscal second quarter, with particular strength in its executive search segment, as indicated by positive trends observed in public competitors and feedback from private company contacts. Despite some challenges in other talent acquisition areas, Korn Ferry has been outperforming its peers in RPO and professional search for several quarters.
Moreover, while there is some conservatism in guidance due to macroeconomic uncertainties, potential interest rate cuts and increased M&A activity could provide external support. The rollout of Korn Ferry’s Talent Suite platform is anticipated to enhance the monetization of its data and intellectual property. Additionally, the company’s robust balance sheet positions it well for capital deployment opportunities, supporting the expectation of at least a 20% upside for this integrated talent solutions and consulting provider.