Raymond James Starts ZipRecruiter (ZIP) at Strong Buy

Raymond James analyst Aaron Kessler initiates coverage on ZipRecruiter (NYSE: ZIP) with a Strong Buy rating and a price target of $36.00.

The analyst commented, "Our positive fundamental view is based on: 1) A large recruitment TAM that is increasingly shifting online; 2) a leadership position with strong brand recognition driving a high degree of organic traffic; 3) unique AI-powered matching technology drives better outcomes for employers and job seekers; 4) our expectation for 15%-plus long-term revenue growth driven by increasing number of employers, attracting more job seekers, improving its matching technology, pricing optimization, and global expansion; 5) our expectation for 30%-plus long-term EBITDA margins."

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

Shares of ZipRecruiter closed at $21.26 yesterday.

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