Barrington analyst Kevin Steinke reiterated a Buy rating on Kelly Services (KELYA – Research Report) today and set a price target of $25.00.
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Kevin Steinke’s rating is based on several positive developments in Kelly Services’ recent performance and strategic initiatives. The company reported Q4/24 revenue that surpassed both internal estimates and market consensus, attributed to the strong performance across all business segments. Despite a challenging economic environment, Kelly Services demonstrated resilience by achieving positive organic revenue growth, countering an industry-wide decline.
Additionally, the acquisition of Motion Recruitment Partners and organic growth initiatives like the expansion of high-margin segments have contributed to the company’s improved financial outlook. The Professional & Industrial and Education segments have shown significant year-over-year growth, driven by new customer wins and enhanced service offerings. These factors, combined with strategic divestures and acquisitions, underpin Steinke’s confidence in Kelly Services’ ability to outperform, resulting in a Buy rating with a target price of $25.
In another report released on February 14, Noble Financial also maintained a Buy rating on the stock with a $27.00 price target.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KELYA in relation to earlier this year.