Needham analyst Ryan MacDonald raised the firm’s price target on Asure Software to $20 from $14 and keeps a Buy rating on the shares. The company saw a recurring revenue beat of 9.2%, which is "well above" typical results, the analyst tells investors in a research note. The firm adds that investors will view positively the updated guidance for FY23, which is 6% higher than the previous guide and is driven by strength in recurring revenue not professional services.
Published first on TheFly
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