Citi analyst Fatima Boolani raised the firm’s price target on Consensus Cloud (CCSI) to $19 from $17 and keeps a Sell rating on the shares following the Q3 report. The firm says it remains cautious on the shares despite “growing signals of a turnaround.” Consensus Cloud’s go-to-market initiative remains in early stages as evident in the modest revenue outperformances, the analyst tells investors in a research note.
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Read More on CCSI:
- Consensus Cloud price target raised to $32 from $30 at BTIG
- Consensus Cloud Solutions Reports Mixed Q3 2024 Results
- Consensus Cloud Solutions reports Q3 adjusted EPS $1.31, consensus $1.29
- Consensus Cloud sees Q4 adjusted EPS $1.14-$1.24, consensus $1.21
- Consensus Cloud backs FY24 EPS view $5.45-$5.55, consensus $5.50