Baird boosts TransUnion stock price target, sees growth prospects By Investing.com
Thursday, Baird updated its outlook on TransUnion (NYSE:), increasing the stock’s price target to $130.00 from the previous $104.00. The firm maintained its Outperform rating on the credit reporting agency.
The new price target reflects the analyst’s confidence in the company’s potential for strong multi-year growth, driven by several factors including good structural growth, an improving macroeconomic environment, and specific attributes of TransUnion’s business performance.
TransUnion has recently outperformed expectations, delivering what has been described as another beat/raise quarter. The company’s growth has been notably led by its U.S. mortgage segment, which has seen massive end-market outgrowth and price realization. The…
