UBS initiated coverage of Constellation Software (CNSWF) with a Buy rating and C$5,150 price target implying 15% upside potential. Constellation is a high quality capital allocator in the vertical market software space, offering an “exceptional track record” since its 2006 initial public offering, the analyst tells investors in a research note. The firm says that with its “moated” business model helping price, access to data decisioning driving optimization while keeping its preferred acquirer status, the company is poised to expand its inorganic strategy and boost profitability.
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Read More on CNSWF:
- Constellation Software price target raised to C$4,550 at Raymond James
- Constellation Software price target raised to C$5,300 at RBC Capital
- Constellation Software price target raised to C$4,900 at BMO Capital
- Constellation Software price target raised to C$4,800 at BMO Capital
- Constellation Software price target raised to C$5,000 at National Bank
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
