Ibex price target raised to $30 from $26 at Baird

Baird analyst David Konig raised the firm’s price target on Ibex to $30 from $26 and keeps an Outperform rating on the shares. The analyst thinks Q2 revenue will be about in line and EBITDA/EPS slightly beat. He also notes there was recently take-out speculation, and he views a reasonable take-out range of 7-9X C2024 EBITDA which could imply roughly $30 to $42 per share.