William Blair analyst Maggie Nolan has maintained their bullish stance on ASGN stock, giving a Buy rating on September 9.
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Maggie Nolan’s rating is based on several compelling factors that highlight ASGN’s potential for growth. The company is strategically positioned in high-growth areas of IT spending, which is a significant advantage in the current market. Despite the uncertain macroeconomic and corporate spending environment, ASGN’s focus on higher-value IT services and its unique value proposition are seen as key drivers of structural growth and margin improvement.
Maggie Nolan also considers the company’s exposure to federal government contracting as a positive aspect, contributing to its durable value. The investor meetings with ASGN’s leadership further reinforced the belief that the market is undervaluing the company’s potential. These elements collectively support the Buy rating, reflecting confidence in ASGN’s ability to navigate challenges and capitalize on opportunities in the evolving IT landscape.
According to TipRanks, Nolan is an analyst with an average return of -3.3% and a 46.73% success rate. Nolan covers the Technology sector, focusing on stocks such as Eplus, WNS, and TELUS International (CDA).
In another report released on September 9, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $58.00 price target.