Thryv Holdings price target lowered to $28 from $42 at Needham

Needham analyst Scott Berg lowered the firm’s price target on Thryv Holdings to $28 from $42 and keeps a Buy rating on the shares after its Q4 results. The company reported a very good quarter highlighted by a $3M outperformance in SaaS revenues, driving 25% Y/Y growth for the first time since Q4 of 2022, though the post-earnings weakness was due to customer count that was flat sequentially and monthly active users that were down 10% sequentially, causing some concerns on the sales front, the analyst tells investors in a research note.