Consensus Cloud price target raised to $37 from $32 at BTIG

BTIG analyst David Larsen raised the firm’s price target on Consensus Cloud (CCSI) to $37 from $32 and keeps a Buy rating on the shares. The firm has met with CEO Scott Turicchi and believes that not only has the company turned the corner, but it is gaining momentum in the market, the analyst tells investors in a research note. BTIG adds that the company’s corporate revenue growth should continue to trend in the 5%+ range, SoHo growth should improve in 2025, and Consensus Cloud’s new AI driven products are gaining momentum, including Clarity, jsign, Harmony, and Unite.