TruBridge price target raised to $17 from $13 at Stephens

Stephens raised the firm’s price target on TruBridge (TBRG) to $17 from $13 and keeps an Equal Weight rating on the shares. The firm is updating its model following “favorable” Q3 results that included a fourth straight quarter of greater than $20M in bookings, revenue slightly above consensus driving material earnings upside and “favorable” FY24 guidance that implies a return to organic revenue growth.