Thinkific Labs downgraded to Hold from Speculative Buy at Canaccord

Canaccord analyst Robert Young downgraded Thinkific Labs (THNCF) to Hold from Speculative Buy with a price target of C$2, down from C$4.25. The firm says the company’s visibility is limited by its transition towards upmarket, higher-value enterprise customers. Thinkific’s growth re-acceleration is now expected in the second half of the year alongside its weaker EBITDA margin guidance, the analyst tells investors in a research note.