Goldman Sachs analyst George Tong has maintained their neutral stance on DNB stock, giving a Hold rating on May 2.
George Tong has given his Hold rating due to a combination of factors which reflect a balanced view of Dun & Bradstreet Holdings’s prospects. The company has shown solid progress in its organic revenue growth, particularly with its Master Data Management sales, which are benefiting from the broader adoption of AI, as well as its risk and supply chain management solutions. Despite this progress and the reaffirmation of its organic revenue growth guidance for 2024, there are several counterbalancing issues that have led to the Hold rating.
The company’s sales and marketing solutions are seen as being sensitive to macroeconomic factors, which could influence performance. Additionally, Dun & Bradstreet’s pricing power is perceived to be limited and not fully compensating for broader inflationary trends. The near-term revenue outlook is somewhat uncertain due to changes in revenue recognition, and margin expansion is expected to be minimal as the company continues to reinvest. These factors combine to suggest a cautious approach, leading to the neutral stance on the stock.
In another report released on May 2, RBC Capital also maintained a Hold rating on the stock with a $15.00 price target.
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Dun & Bradstreet Holdings (DNB) Company Description:
Dun & Bradstreet Holdings Inc is one of the leading providers of business decisioning data and analytics. The company provides commercial credit decisioning, which helps businesses to make informed decisions when considering extending business loans and trade credit. Also, the company offers solutions to firms looking to analyze supplier relationships and more effectively collect outstanding receivables. Other services provided by company include digital marketing, sales acceleration, and risk management among others.
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