Rosenblatt initiated coverage of OneSpan with a Buy rating and $20 price target. The company is successfully pivoting from a hardware-centric model to a software-centric business model, and the evidence of the transformation can be seen in OneSpan’s strong subscription revenue growth and improving profitability, the analyst tells investors in a research note. An expanding product pipeline, coupled with a strong foundation of blue-chip customers, positions OneSpan for future growth, even though the stock trades at a discount to its peers, the firm added.
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 OSPN:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue