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Research
Research Alert: CFRA Maintains Hold Rating On Shares Of Jack Henry & Associates, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price by $35 to $160, 22.3x our FY 27 (Jun.) EPS estimate, above peers, reflecting JKHY's resilient recurring revenue business model. We increase our FY 26 EPS view by $0.15 to $6.84 and FY 27's by $0.19 to $7.19 on respective revenue forecasts of $2.53B (+7%) and $2.68B (+6%). Bolstered by its strongest Mar-Q for new core wins in seven years (17 competitive core wins), JKHY raised its full-year fiscal 2026 guidance for both revenue and EPS. We think momentum will be fueled by significant traction in new SMB-focused solutions like Tap2Local and tangible productivity gains from internal AI initiatives. Management expressed high confidence in capitalizing on competitor uncertainty, positioning the company for sustained market share gains in the evolving financial technology landscape. While the company guided for a softer fourth quarter due to expense timing and tougher comparisons, the primary challenge ahead will be successfully executing on the large influx of new business.
$JKHY
Research
JPMorgan Initiates Coverage on CEVA With Neutral Rating, $30 Price Target
CEVA (CEVA) has an average rating of buy and mean price target of $32.71, according to analysts polled by FactSet.Price: $35.07, Change: $+1.35, Percent Change: +4.00%
$CEVA
Australia
Toast's Strong Fundamentals Supported by Multiple Drivers, Morgan Stanley Says
Toast's (TOST) strong fundamentals are driven by ongoing total addressable market expansion, location growth durability, product innovation, and insulation from artificial intelligence risks, Morgan Stanley said in a Friday research report.The company raised its earnings before interest, taxes, depreciation, and amortization guidance despite rising hardware costs, while its location growth durability, backed by momentum in enterprise, retails, and growth markets, remains underappreciated, analysts wrote.The company has demonstrated efficient allocation of capital, driving margin expansion while sustaining growth, the firm noted. It is also focusing on monetizing AI as SaaS gross margins in Q1 surpassed 80% due to early AI-driven efficiencies in client support, according to the note.The brokerage said it reiterated its overweight rating on the stock and adjusted its price target to $45 per share from $51.Price: $24.81, Change: $-4.58, Percent Change: -15.57%
$TOST