William Blair analyst Andrew Nicholas has reiterated their bullish stance on TRU stock, giving a Buy rating on July 22.
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Andrew Nicholas has given his Buy rating due to a combination of factors that highlight TransUnion’s strong financial performance and positive outlook. The company’s second-quarter results exceeded expectations across key metrics, with revenue surpassing both the model and the upper end of guidance. This revenue growth contributed to an adjusted EBITDA that was significantly higher than anticipated, demonstrating operational efficiency and profitability.
Furthermore, TransUnion raised its full-year guidance, indicating confidence in continued growth and stability. The company expects organic growth and improved adjusted EBITDA margins, reflecting its ability to manage potential challenges in the U.S. lending market. Additionally, the robust performance in international markets, particularly in India, underscores TransUnion’s global strength. Despite some cyclical risks due to macroeconomic uncertainties, the company’s conservative outlook and potential for future rate cuts provide a solid foundation for the Buy rating.
Nicholas covers the Industrials sector, focusing on stocks such as Equifax, CBIZ, and FTI Consulting. According to TipRanks, Nicholas has an average return of 1.0% and a 47.50% success rate on recommended stocks.
In another report released on July 22, RBC Capital also maintained a Buy rating on the stock with a $121.00 price target.