Joshua Reilly, an analyst from Needham, maintained the Buy rating on Asure. The associated price target was lowered to $15.00.
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Joshua Reilly has given his Buy rating due to a combination of factors influencing Asure’s future performance. Despite Asure’s Q2 revenue and EPS coming in slightly below expectations, Reilly notes that the organic growth trend is set to improve in the second half of 2025. The company’s growth was temporarily hindered by an HR Compliance bundling issue, which has now peaked and is expected to diminish, allowing for better performance in the latter half of the year.
Reilly acknowledges a reduction in the price target to $15, reflecting adjustments made for the Lathem acquisition’s impact on revenue. However, he remains optimistic about Asure’s strategic pivot towards a suite sale and cross-sell model, which is anticipated to drive growth, albeit some of it being deferred to 2026. This strategic shift, combined with the resolution of current growth impediments, underpins Reilly’s Buy rating for Asure’s stock.
Reilly covers the Technology sector, focusing on stocks such as Asure, Bandwidth, and Audiocodes. According to TipRanks, Reilly has an average return of 2.6% and a 45.31% success rate on recommended stocks.
In another report released yesterday, Roth MKM also reiterated a Buy rating on the stock with a $15.00 price target.