03:30 PM EST, 02/27/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We lower our 12-month target price by $25 to $65, applying an EV/revenue multiple of 2.3x to our FY 27 (Jan.) estimate, a discount to its three-year historical average multiple at 3.7x. We raise our FY 27 EPS estimate by $0.04 to $5.91 and set FY 28's at $6.12. The Online business, while stabilizing, continues to see only slight growth, and guidance suggests that this segment will remain relatively flat, with only modest increases anticipated for FY 27. The company noted that price increases are not expected to be an ongoing lever for growth, indicating that future revenue improvement will rely more heavily on adding value and product innovation rather than pricing actions. Finally, the ongoing transition from on-prem to cloud for large enterprise customers remains incomplete, with approximately 150 million seats still on-prem. This indicates a slower migration pace and ongoing challenges in capturing full market potential.