Piper Sandler initiated coverage of Abacus Life with an Overweight rating and $12 price target. Abacus has generated attractive financial metrics, and there is a substantial growth runway through its core business as well as its tech and wealth verticals, the analyst tells investors in a research note. Piper is forecasting 30%+ revenue growth in each of the next two years and adjusted EPS of 50c, 69c and 85c in 2024, 2025, and 2026.
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