William Blair analyst Maggie Nolan has maintained their bullish stance on CSGS stock, giving a Buy rating on August 2.
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Maggie Nolan’s rating is based on CSG Systems International’s strong financial performance and positive future outlook. The company reported second-quarter results that exceeded consensus estimates for both adjusted revenue and earnings per share. This performance was bolstered by nonrecurring license revenues and improvements in cost and gross margin, leading to significant expansions in adjusted EBITDA and operating margins.
Furthermore, CSG Systems International has raised its full-year guidance for adjusted EBITDA and operating margin for the second consecutive quarter. The company is also making significant strides in diversifying its revenue streams, with a notable increase in revenue from non-telecom customers. Management’s confidence in achieving long-term growth targets and the potential to capture a larger market share globally further supports the Buy rating recommendation.
According to TipRanks, Nolan is an analyst with an average return of -5.8% and a 32.99% success rate. Nolan covers the Technology sector, focusing on stocks such as TELUS International (CDA), Genpact, and WNS.
In another report released on August 2, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $68.00 price target.