Analyst Kyle Peterson from Needham reiterated a Buy rating on TransUnion and keeping the price target at $115.00.
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Kyle Peterson has given his Buy rating due to a combination of factors that highlight TransUnion’s strong performance and potential for future growth. The company’s third-quarter results surpassed market expectations, driven by robust performance in consumer lending, mortgage, and international markets. Additionally, TransUnion’s management has indicated that lending conditions remain stable, which is reassuring in the face of recent credit concerns.
Another reason for the Buy rating is the company’s strategic stock repurchase program, which is seen as a wise move given the current valuation discount compared to its peers. This, coupled with the ongoing transformation efforts expected to enhance cash flow conversion by fiscal year 2026, suggests that TransUnion is building positive momentum. These factors contribute to the belief that the company’s shares are likely to appreciate, supporting the reiterated Buy rating and a target price of $115.