Consensus Cloud price target raised to $32 from $30 at BTIG

BTIG raised the firm’s price target on Consensus Cloud (CCSI) to $32 from $30 and keeps a Buy rating on the shares after its Q3 earnings beat. The company’s ramp back up to positive revenue growth is taking time as the company works through its transformation, though the firm continues to be impressed by the margin profile of the business and the way that Consensus Cloud is paying down debt, the analyst tells investors in a research note. As hospital volumes and financials improve, demand should increase, BTIG adds.