Verisk Analytics assumed with an In Line at Evercore ISI

Evercore ISI assumed coverage of Verisk Analytics with an unchanged In Line rating and price target of $279. Verisk is a “great business” with consistent high single digit organic revenue growth which could have the most benefit from generative artificial intelligence products given its proprietary industry data and the text-heavy nature of insurance workflows, the analyst tells investors in a research note. However, Evercore thinks this is accurately reflected in consensus estimates and says the stock’s valuation is a “touch rich” based on Verisk’s organic growth profile.