Thryv Holdings (THRY – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Scott Berg from Needham maintained a Buy rating on the stock and has a $28.00 price target.
Scott Berg has given his Buy rating due to a combination of factors observed at Thryv’s PartnerKon event. The optimism among partners regarding the potential for cross-selling and up-selling between Thryv’s and Keap’s platforms suggests a promising increase in average revenue per user (ARPU). This positive sentiment is further bolstered by the acquisition’s impact on Keap’s go-to-market team, which is expected to generate greater revenue synergies than initially anticipated.
Additionally, the discussions at the event emphasized Thryv’s commitment to empowering its partner community through product enhancements focused on modernization and simplicity. The ongoing development of an integration prototype between the two platforms, with a full merger as the ultimate goal, also indicates a strategic direction that could enhance the company’s market position and growth potential.
According to TipRanks, Berg is an analyst with an average return of -9.1% and a 33.87% success rate. Berg covers the Technology sector, focusing on stocks such as Salesforce, Five9, and SPS Commerce.