William Blair analyst Arjun Bhatia has maintained their bullish stance on THRY stock, giving a Buy rating on April 10.
Arjun Bhatia has given his Buy rating due to a combination of factors that highlight Thryv Holdings’ potential for growth and resilience. The company’s focus on expanding its software business, particularly through cross-selling and customer expansion, is a key driver for future growth. The meetings with Thryv’s management reinforced confidence in their strategic direction, especially with the enhancements in their go-to-market strategies and the integration of the Keap acquisition.
Moreover, Thryv’s customer base, which is largely comprised of nondiscretionary service-based businesses, is expected to remain stable despite market volatility. This defensive positioning, coupled with the stock’s current undervaluation, presents a compelling investment opportunity. The stock’s significant drop from recent highs and its attractive valuation at just nine times SaaS EBITDA suggest considerable upside potential as the company continues to execute its strategy and gains more attention from investors.
In another report released on April 10, Needham also maintained a Buy rating on the stock with a $28.00 price target.
Based on the recent corporate insider activity of 48 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 THRY in relation to earlier this year.