Truist analyst Andrew Jeffrey raised the firm’s price target on Verisk Analytics (VRSK) to $275 from $270 and keeps a Buy rating on the shares as part of a broader research note on Information Services. Verisk and CoStar (CSGP) are among the best names in that universe, and the stocks will benefit from secular demand drivers and ambitious new total addressable market penetration, the analyst tells investors in a research note. Verisk will also help underwriters grapple with climate change-driven losses and uncertainty, the firm adds, forecasting accelerating near-term organic revenue growth and long-term operating leverage.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on VRSK:
- Insurance Industry Faces Average Annual Natural Catastrophe Losses of $133B, A New High According to Verisk Report
- Verisk Releases First-of-Kind Predictive SRCC Data Model for Political Violence Insurers
- Verisk Estimates Industry Insured Losses from Hurricane Idalia Will Range from USD 2.5 Billion to USD 4 Billion
- Verisk Modernizes System to Combat Insurance Fraud in Israel
- Verisk, Plaintar announce strategic integration to accelerate claims process