RBC Capital analyst Ashish Sabadra reinstated coverage of First Advantage (FA) with an Outperform rating and $22 price target The firm says the company’s 5.0 strategy, technology platforms leveraging artificial intelligence, proprietary database of 765M records, and innovative solutions should drive new wins and significant cross-sell opportunities. In addition, the Sterling acquisition almost doubled its market share and should significantly improve digital identity capabilities, the analyst tells investors in a research note.
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Read More on FA:
- First Advantage Reports Q3 2024 Earnings and Strategic Acquisition
- First Advantage reports Q3 adjusted EPS 26c, consensus 25c
- First Advantage still sees 2024 standalone adjusted EPS 88c-98c, consensus 92c
- FA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- First Advantage Expands with Sterling Check Acquisition
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