Clarivate Is Oversold Stock Brimming with Turnaround Potential, Analyst Predicts
Portfolio Pulse from Nabaparna Bhattacharya
Oppenheimer analyst Owen Lau initiates coverage on Clarivate Plc (NYSE:CLVT) with an Outperform rating and a price target of $11. Lau believes the stock is oversold and has turnaround potential due to a new experienced management team and a resilient business model. The company expects organic growth to accelerate and revenue to reach $3 billion by 2025.
June 13, 2023 | 6:34 pm
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Oppenheimer analyst Owen Lau initiates coverage on Clarivate Plc with an Outperform rating and a price target of $11, citing the stock's oversold status and turnaround potential.
The analyst's positive outlook on Clarivate Plc is based on the company's new experienced management team, resilient business model, and healthy growth trends in its key business segments. The company's expectations of accelerated organic growth and increased revenue by 2025 also contribute to the positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100