In a report released today, Patrick Sholl from Barrington reiterated a Buy rating on Quinstreet, with a price target of $24.00.
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Patrick Sholl has given his Buy rating due to a combination of factors that highlight QuinStreet’s potential for growth and financial stability. The company has maintained its guidance for fiscal year 2026, projecting revenue growth of at least 10% and EBITDA growth of 20%, despite facing challenges such as tariff uncertainties. This confidence is bolstered by the strong financial positions of its carrier clients and the company’s strategic investments in media to support future growth.
Additionally, QuinStreet has broadened its client base and media sources, with a record number of carrier clients spending over $1 million monthly and a significant increase in spending outside its largest carrier. The company’s efforts to develop new products and enhance its monetization strategies are expected to improve its margin profile. Furthermore, QuinStreet’s financial results have surpassed expectations, with revenues and EBITDA exceeding estimates. The company’s solid balance sheet and cash flow generation, along with its share repurchase program, further support the positive outlook and the reaffirmation of the $24 price target.