Urgently price target lowered to $1 from $1.50 at Needham

Needham analyst Chris Pierce lowered the firm’s price target on Urgently (ULY) to $1 from $1.50 and keeps a Buy rating on the shares after its Q4 results. The firm continues to see the company as a long-term winner pulling roadside assistance into a digitally connected future while leveraging their purpose-built tech leaning on their geospatial data engine as the management spoke confidently towards contract renewals and signing on new customers, but as the trajectory of growth continues to flatten, Needham must reduce its FY25 growth assumptions on lower Q1 revenue guidance vs. its prior assumptions, the analyst tells investors in a research note.