Craig-Hallum raised the firm’s price target on OneSpan to $17 from $15 and keeps a Buy rating on the shares. The Q1 beat saw continued operating leverage and upside to revenue with previously delayed renewals that came in earlier than expected, the analyst tells investors in a research note. The company reiterated its revenue guide and raised its EBITDA guidance, reflecting the company’s increased cost-savings target, which provides massive margin expansion compared to FY23.
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