William Blair analyst Trevor Romeo has maintained their bullish stance on KFY stock, giving a Buy rating on December 7.
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Trevor Romeo has given his Buy rating due to a combination of factors including Korn Ferry’s strong fiscal second-quarter results, which surpassed expectations in both revenue and earnings. The company experienced a 6% year-over-year revenue growth in constant currency, with significant contributions from the executive search, consulting, and PSI segments. Executive search, in particular, benefited from demographic trends and high executive turnover, while consulting returned to growth.
Additionally, leading indicators such as new business growth and remaining fees under contract showed positive trends, suggesting continued momentum. Despite slightly conservative third-quarter guidance, the company’s valuation metrics, including a P/E ratio of 12.2 times and an EV/EBITDA of 6.5 times, remain below cycle averages, making the stock an attractive investment opportunity at current levels.
In another report released on December 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $73.00 price target.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KFY in relation to earlier this year.