UPDATE: Truist Securities Starts HireRight Inc. (HRT) at Hold

Get Alerts HRT Hot Sheet
Rating Summary:
8 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 3 | New: 35
Join SI Premium – FREE
Truist Securities analyst Andrew Jeffrey initiates coverage on HireRight Inc. (NYSE: HRT) with a Hold rating, PT $20.00.
The analyst comments "We like HireRight's position in the evolving global Employment Background Screening market, a $5b+ TAM, projected to grow at a 9% CAGR through C26. We see the co benefiting from a leading tech platform, proprietary data, a focus on fast growing vertical markets/gig economy, compliance specialization and accelerating product innovation. Our Hold reflects a view that multiple expansion will be constrained by decelerating organic revenue growth in a normalizing post-COVID economy, risk that accelerated hiring demands ironically squeeze background check providers, belowpeer EBITDA margin and above-peer leverage. We argue HireRight's position on our Info Services Embeddedness Pyramid merits a relative discount "
For an analyst ratings summary and ratings history on HireRight Inc. click here. For more ratings news on HireRight Inc. click here.
Shares of HireRight Inc. closed at $18.13 yesterday.
You May Also Be Interested In
- UPDATE: JPMorgan Starts HilleVax, Inc. (HLVX) at Overweight
- UPDATE: Rosenblatt Starts Harmonic Inc. (HLIT) at Buy
- UPDATE: Citi Starts Voya Financial (VOYA) at Neutral
Create E-mail Alert Related Categories
Analyst Comments, New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!