Churn remains an issue in the SaaS business, highlights the broker. However, it's considered a reduction in clients on the legacy product and increased penetration of multi-year deals show the potential of this business. Additionally, higher annual recurring revenue (ARR) per client on new signups is a positive.
The foundation for success in Nth America are being set, believes the analyst, with the signing of three initial distribution partners and advancing towards the company target of 7-10 quality partnerships.
The Add rating and $0.50 price target are unchanged.
Sector: Software & Services.
Target price is
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