Barrington analyst Vincent Colicchio has maintained their bullish stance on ASUR stock, giving a Buy rating today.
Vincent Colicchio has given his Buy rating due to a combination of factors including Asure’s strong bookings and backlog growth, which indicate potential for robust organic growth in the coming year. Despite a slight miss in revenue and EPS forecasts, the company’s bookings increased by 48% year-over-year in Q4/24, and its sales backlog grew by 17% since the prior quarter, suggesting a positive trajectory for future performance.
Furthermore, the company’s recurring revenue, which makes up the majority of its total revenue, showed significant year-over-year growth driven by payroll, time and attendance, and benefits solutions. Colicchio also maintains a positive outlook on Asure’s earnings potential, with a 2025 non-GAAP EPS forecast of $0.96 and an initial 2026 forecast of $1.10. The investment rating remains OUTPERFORM with a 12-month price target of $17, reflecting a 75% upside potential from the current price.
In another report released today, Northland Securities also reiterated a Buy rating on the stock with a $14.00 price target.
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