Scott Berg, an analyst from Needham, maintained the Buy rating on Thryv Holdings (THRY – Research Report). The associated price target remains the same with $28.00.
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Scott Berg has given his Buy rating due to a combination of factors that reflect Thryv Holdings’ strategic progress and future potential. The company has demonstrated consistent execution against its goals outlined during the Analyst Day, which has increased confidence in its ability to achieve these targets. Thryv’s focus on converting legacy MS customers to its SaaS solutions and enhancing product adoption among its existing customer base is expected to drive growth and provide a buffer against broader economic concerns affecting small and medium-sized businesses.
Additionally, management’s confidence in reducing leverage by the end of the year and the successful integration of Keap, with sales synergies exceeding expectations, further supports the positive outlook. These elements combined suggest a promising trajectory for Thryv Holdings, justifying the Buy rating as the company continues to align with its strategic initiatives and capitalize on market opportunities.