Stifel analyst Brad Reback lowered the firm’s price target on Asure Software to $12 from $15 and keeps a Buy rating on the shares after the company reported Q3 earnings that beat expectations, reiterated FY23 guidance and issued preliminary FY24 guidance. While ERTC and inorganic revenue contribution is uncertain, the firm continues to believe that Asure is well positioned to benefit from tailwinds that should sustain low double-digit organic revenue growth in years to come.
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