Jefferies initiated coverage of Constellation Software with a Buy rating and C$5,000 price target. Constellation is a “best-in-class consolidator” of vertical market software businesses, the analyst tells investors in a research note. The firm expects high-teens to low-20% revenue growth through tuck-in acquisitions and low-single digit organic growth through annual price increases.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNSWF: