UPDATE: RBC Capital Starts First Advantage (FA) at Outperform

RBC Capital analyst Ashish Sabadra initiates coverage on First Advantage (NASDAQ: FA) with a Outperform rating and a price target of $22.00.

The analyst comments "We initiate with a $22 price target and Outperform rating. Proprietary databases, sophisticated product portfolio, and integrated technology platform leveraging RPA and machine learning help create a competitive advantage. In addition, focus on growth verticals, enterprise clientele, market leadership, and global presence bode well to gain share in a highly fragmented market. As a result, the company should deliver 8-10% organic revenue growth, which along with margin expansion and shareholder-friendly capital allocation should provide 14 - 18% adj EPS growth in the long-term."

For an analyst ratings summary and ratings history on First Advantage click here. For more ratings news on First Advantage click here.

Shares of First Advantage closed at $18.79 yesterday.

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