11:15 AM EDT, 09/12/2025 (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:

Our target price of $200 (up from $159) implies a 2026 P/E of 22.9x (vs. the 5-year average of 76.2x), based on our projected slower but still strong 2-year revenue CAGR of 13% through 2026 (vs. 5-year CAGR of 18% through 2024). We forecast revenue to grow 14%/13% to $2.0B/$2.3B in 2025/2026. We expect the number of premium subscriptions to pick up due to our expected healthy conversions of a large user base to subscriptions, aided by product innovations and efficient marketing. We also project higher average revenue per premium subscription on increased product pricing, a more favorable mix of subscription packages, expanded product offerings, and growing adoption of Business Solutions features. Moreover, we anticipate modest non-GAAP net margin expansion in 2025/2026 on better operating leverage and cost controls, although this will be partly offset by investments in AI and product innovations, as well as headcount to grow and integrate Base44. We keep our 2025/2026 non-GAAP EPS estimates of $7.43/$8.75.