William Blair analyst Andrew Nicholas has reiterated their bullish stance on VRSK stock, giving a Buy rating on April 24.
Andrew Nicholas has given his Buy rating due to a combination of factors, including Verisk Analytics’ impressive first-quarter performance that exceeded expectations across key financial metrics. The company reported higher-than-anticipated revenue and adjusted EBITDA, as well as a strong adjusted EPS, which were all above both the analyst’s model and consensus estimates.
Additionally, Verisk’s organic, constant-currency growth was notably strong, and the company maintained its full-year guidance, reflecting management’s conservative approach. Nicholas also highlighted Verisk’s competitive positioning, consistent growth record, and limited exposure to economic cycles as reasons for confidence in the company’s future performance. Despite some risks related to growth execution and potential macroeconomic challenges, these positive factors underpin the Buy rating.
According to TipRanks, Nicholas is a 2-star analyst with an average return of 1.5% and a 65.52% success rate. Nicholas covers the Industrials sector, focusing on stocks such as Huron Consulting, CBIZ, and Cra International.
In another report released on April 24, RBC Capital also maintained a Buy rating on the stock with a $314.00 price target.