Competition And Client RetentionDownside risks include increased competition and client win slowdown/losses, high level of indebtedness, and selling pressure from current PE/VC owners.
Investor ExpectationsThe first time 2025 guidance is likely below investor expectations.
Revenue Guidance Concerns2025 revenue guidance contemplating 6-8% growth is likely conservative given the exit-rate at the end of the year, but also likely below investor expectations.