B. Riley analyst Zach Cummins lowered the firm’s price target on American Software to $16 from $17 and keeps a Buy rating on the shares post the fiscal Q2 report. The firm says that while there were several moving parts in the quarter, it is encouraged by the increasing focus on the core supply chain planning business, as believes this has set the foundation for renewed revenue growth and margin expansion.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AMSWA:
- American Software raises FY24 revenue view to $100M-$104M from $85M-$88M
- American Software reports Q2 adjusted EPS 8c, consensus 9c
- American Software divests Logility subsidiary to FOG Software
- AMSWA Upcoming Earnings Report: What to Expect?
- American Software adopts 10b5-1 trading plan for share repurchase program