Barrington analyst Kevin Steinke has maintained their bullish stance on CMPR stock, giving a Buy rating on May 5.
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Kevin Steinke has given his Buy rating due to a combination of factors, including Cimpress’s strategic progress and growth in key business segments. Despite a slight miss in revenue estimates, the company’s Vista segment showed strong performance, particularly in complex small business product categories such as promotional products, apparel, and signage. These categories not only grew in double digits but also contributed significantly to the company’s overall revenue and profitability.
However, challenges remain, such as a decline in legacy product categories and the impact of tariff-related uncertainties. Cimpress’s management has adapted to changes in search algorithms, which initially affected organic search performance. Despite these hurdles, the company’s focus on mass customization and its strategic investments in customer-centric businesses support a positive long-term outlook, justifying the Buy rating with a target price of $65.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CMPR in relation to earlier this year.