Stephens upgraded Jack Henry (JKHY) to Overweight from Equal Weight with a price target of $205, up from $200. The firm cites an accelerated pace of core takeaways, which should drive a reversion to normalized non-GAAP revenue growth of 7%-8%, as well as a discounted valuation that overlooks favorable end-market demand and improved market positioning. The firm also notes the “historical safe-haven status of the company” in its upgrade.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JKHY:
- Jack Henry upgraded to Outperform from Neutral at Baird
- Jack Henry Buy Rating Underscored by Operational Momentum, Sticky Banktech Relationships, and Valuation Disconnect
- Jack Henry sees FY26 GAAP EPS $6.61-$6.72, consensus $6.32
- Jack Henry reports Q2 GAAP EPS $1.72, consensus $1.42
- British FinTech Starling Flies to U.S. to Ramp Up Dour Digital Banking Services