SS&C Technologies Holdings, Inc. (SSNC) PT Raised to $105 at Needham

Needham analyst Mayank Tandon raised the price target on SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) to $105.00 (from $90.00) while maintaining a Buy rating.

The analyst comments "SSNC's posted 4Q results which topped expectations on the back of solid organic growth which came in at 7% Y/Y as all of SSNCs core businesses delivered healthy growth. Growth was led by intelligent automation and analytics (+11% Y/Y), GlobeOps (+8%), and healthcare which finally turned positive (+8.7%) due to some large license deals in the quarter. SSNC provided guidance for FY25 which was solid but calls for a slower than expected start to the year as the 1Q guide was mixed. We view the initial 5% Y/Y organic growth outlook as conservative and see potential for the shars to re-rate on the back of above-trend organic growth, steady margin expansion, and an efficient capital deployment strategy. We are reiterating our BUY rating and raising our target to $105."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• AI/ML Innovations plans $2M private placement on the CSE
• Full Circle Lithium closes $5.14M private placement