Verisk Analytics price target raised to $314 from $300 at RBC Capital

RBC Capital raised the firm’s price target on Verisk Analytics (VRSK) to $314 from $300 and keeps an Outperform rating on the shares. The firm estimates high-single to low-double-digit subscription revenue growth in Q1, driven by record sales in 2024, strong price realization, and the migration of transaction revenues to subscription, partially offset by tougher comps and moderating price increases, the analyst tells investors in a research note. Strong momentum in anti-fraud and property estimating solutions bodes well for Claims, while Underwriting should benefit from strength in Forms, Rules, and Loss Costs, as well as from Extreme Events, the firm adds.