TruBridge price target raised to $28 from $23 at Stephens

Stephens raised the firm’s price target on TruBridge (TBRG) to $28 from $23 and keeps an Equal Weight rating on the shares after the company delivered “strong” Q4 results and gave FY25 guidance that was “favorable” and “looks achievable.” Execution “clearly improved” in FY24, but the firm views the current risk-reward as balanced while awaiting the next data points on retention, bookings, and offshoring, the analyst tells investors.