William Blair analyst Andrew Nicholas has maintained their bullish stance on VRSK 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 Verisk Analytics’ strong financial performance and strategic acquisitions. The company reported second-quarter results that exceeded expectations, with revenue, adjusted EBITDA, and adjusted EPS all surpassing forecasts. This performance was driven by robust organic growth, particularly in subscription services, and effective cost management, which led to an impressive EBITDA margin.
Furthermore, Verisk’s acquisition of AccuLynx for $2.35 billion is expected to enhance its property estimating solutions and contribute positively to revenue growth and profitability. The acquisition aligns well with Verisk’s strategic goals and demonstrates the management’s disciplined approach to capital allocation. The raised full-year guidance for revenue and adjusted EBITDA further underscores the company’s positive outlook, reinforcing the Buy rating.
In another report released on July 22, RBC Capital also maintained a Buy rating on the stock with a $314.00 price target.