Analyst Patrick Sholl from Barrington reiterated a Buy rating on Quinstreet (QNST – Research Report) and keeping the price target at $29.00.
Patrick Sholl has given his Buy rating due to a combination of factors that highlight QuinStreet’s growth potential and financial stability. The company is experiencing a positive shift as insurance budgets reset, leading to improved revenue and profitability. QuinStreet’s management has raised its guidance for fiscal 2025, projecting significant increases in both revenue and EBITDA, driven by stronger insurer operational trends and customer acquisition spending.
Additionally, the company’s focus on digital platforms presents a long-term growth opportunity, as more carriers allocate budgets to these channels. QuinStreet’s diverse product offerings in credit, banking, and home services provide stability and growth potential across various market segments. The company’s strategic emphasis on expanding its media funnel and service types further supports its positive outlook. These factors, combined with broader trends in digital advertising, justify Patrick Sholl’s optimistic stance and the reaffirmation of an OUTPERFORM rating with a target price of $29.