Verisk Analytics price target raised to $300 from $268 at RBC Capital

RBC Capital raised the firm’s price target on Verisk Analytics to $300 from $268 and keeps an Outperform rating on the shares ahead of its Q3 results. Tough comps, weaker auto insurance shopping, catastrophe bond issuance, and a shift to subscription could likely weigh on the transaction revenue growth in the quarter, but RBC believes that growth will improve in Q4 due to easy comparisons and tailwinds from hurricane activity, the analyst tells investors in a research note. A pick-up in auto insurance marketing also bodes well for Verisk in FY25, the firm added.