Morgan Stanley analyst Toni Kaplan maintains $Clarivate (CLVT.US)$ with a hold rating, and adjusts the target price from $8 to $5.
According to TipRanks data, the analyst has a success rate of 58.3% and a total average return of 3.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Clarivate (CLVT.US)$'s main analysts recently are as follows:
The company's fourth-quarter results were considered disappointing, and the withdrawal of guidance, along with buybacks of questionable impact, have been noted. Moreover, the 'Value Creation Plan' presented is perceived as insufficiently comprehensive to effect a significant change.
Clarivate experienced organic growth shortfalls in all segments due to increasing challenges throughout the company, resulting in the withdrawal of its guidance. The company is currently seen as needing to prove its potential, with a focus on the execution of the new CEO's plan expected around 2025.
Note:
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