TruBridge price target raised to $29 from $24 at RBC Capital

RBC Capital analyst Sean Dodge raised the firm’s price target on TruBridge (TBRG) to $29 from $24 and keeps an Outperform rating on the shares. The company’s Q4 EBITDA came in about 10% ahead of consensus even after adjusting for several positive one-time items, driven by higher revenue and a bigger lift from recent cost actions, the analyst tells investors in a research note. This strengthening momentum is also reflected in the FY25 guidance that TruBridge management debuted, the midpoint of which for EBITDA exceeded consensus by 6.3%, RBC adds.