Thryv Holdings price target lowered to $5 from $15 at B. Riley

B. Riley analyst Zach Cummins lowered the firm’s price target on Thryv Holdings (THRY) to $5 from $15 and keeps a Buy rating on the shares. Thryv Holdings reported a modest Q4 beat, but FY26 guidance disappointed due to a strategic shift in SaaS toward an AI-native unified platform, prompting a 46% share drop, the analyst tells investors in a research note. Management expects initial churn from smaller customers in 1H26, but growth from higher-value clients should help drive a return to durable growth and free cash flow expansion in 2H26 and beyond, the firm says.