RBC Capital analyst Dan Bergstrom raised the firm’s price target on CSG Systems (CSGS) to $69 from $58 and keeps an Outperform rating on the shares. The company reported a “positive” quarter that was highlighted by organic growth of 5%, the analyst tells investors in a research note. RBC liked the number of new deals, good renewals and that last year’s repositioning around profitability continues to pay dividends, the firm adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSGS:
- CSG Systems price target raised to $72 from $64 at Cantor Fitzgerald
- CSG Systems price target raised to $80 from $78 at Northland
- CSG Systems price target raised to $66 from $60 at Stifel
- CSG Systems Reports Strong 2024 Financial Performance
- CSG Systems reports Q4 adjusted EPS $1.65, consensus $1.21
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue