In a report released today, Bryan Bergin from TD Cowen maintained a Buy rating on Priority Technology Holdings (PRTH – Research Report), with a price target of $10.00.
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Bryan Bergin has given his Buy rating due to a combination of factors that highlight Priority Technology Holdings’ potential for future growth despite recent challenges. The company’s performance in the first quarter was mixed, primarily due to slower growth in the SMB Merchant segment. However, Bergin appreciates the company’s diversified exposure, which helps mitigate risks associated with core deceleration.
Additionally, the countercyclical nature of the B2B and Enterprise segments offers a buffer against market volatility. Bergin acknowledges the company’s strategic measures, such as proactive risk management, and its commitment to improving profitability and financial discipline through 2025. Although there are near-term challenges, the long-term outlook remains positive, with expectations of progress in financial performance over the next few years.
In another report released yesterday, Alliance Global Partners also maintained a Buy rating on the stock with a $15.00 price target.