B. Riley analyst Jeff Van Sinderen raised the firm’s price target on Stagwell to $11 from $10 and keeps a Buy rating on the shares post the Q3 report. The company believes revenue troughed in Q3, growth likely returns in Q4, and consistent growth occurs in 2024, the analyst tells investors in a research note. The firm says the stock’s valuation “appears particularly attractive.”
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Read More on STGW:
- Stagwell sees FY23 adjusted EPS 73c-78c, consensus 78c
- Stagwell reports Q3 adjusted EPS 18c, consensus 21c
- STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023
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- Stagwell’s (STGW) Acquisition Momentum Continues with Addition of Fast-Growing Creative Agency, Movers+Shakers
