Roth MKM analyst Richard Baldry raised the firm’s price target on Asure Software to $23 from $16 and keeps a Buy rating on the shares. The company’s Q4 results were "strongly ahead" of estimates across all metrics, with former headwinds being replaced by tailwinds and with cost controls having met with surging organic revenues, the analyst tells investors in a research note. As Asure’s 2023 guidance increasing, the stock’s discount relative to its peer group is no longer warranted, the firm added.
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Published first on TheFly
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