William Blair analyst Trevor Romeo has maintained their bullish stance on KFY stock, giving a Buy rating on August 19.
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Trevor Romeo’s rating is based on several factors that suggest a positive outlook for Korn Ferry. One of the main reasons is the anticipated strong performance in the executive search segment, driven by demographic trends and high executive turnover. This segment is expected to contribute significantly to the company’s revenue and margin growth in the near term, as supported by positive insights from industry peers like Heidrick & Struggles and Caldwell Partners.
Additionally, while there are challenges in the consulting, digital, and PSI segments due to a sluggish macroeconomic environment, Korn Ferry has been outperforming its peers in RPO and professional search. Looking forward, potential catalysts such as interest rate cuts, increased M&A activity, and the launch of the digital Talent Suite platform could further enhance the company’s performance. Despite some macroeconomic uncertainties, Korn Ferry’s strong competitive position and resilience are seen as underappreciated, justifying the Buy rating.
In another report released on August 19, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $82.00 price target.