RBC Capital maintains Sector Perform rating on Thryv Holdings, $2 price target
RBC Capital kept its Sector Perform rating on Thryv Holdings with a $2 price target, implying a 63.9% upside from the Oct 27 close. The company is transitioning to a SaaS model, with a 21% revenue increase in this segment. It sold its print directories business for $142 million but faces macroeconomic risks for SMBs.
How this was made
The 30-second read
Why it matters
The note provides a fresh price target but does not introduce new earnings or transaction data.
Market read
Analyst rating update with a new price target may modestly affect THRY's near‑term price action.
What to watch
Macro sensitivity for SMB customers could limit revenue growth despite the SaaS pivot.
Background
RBC Capital issued an analyst note on Thryv Holdings, highlighting its SaaS transition, revenue growth in that segment, and the sale of its print directories business.
Ticker impact
RBC Capital maintained a Sector Perform rating on Thryv Holdings and set a $2 price target, implying a 63.9% upside.
possible modest upside as investors price in the new target
Rating unchanged but a higher target may attract interest; however, no new earnings or deal is disclosed.
Market effects
May influence sentiment toward SaaS transition peers in the small‑cap tech space.
Limited to U.S. small‑cap market.
Low
Counterpoint
The rating remains Sector Perform despite a sizable upside target; investors may view the target as overly optimistic.
Key entities
- CompanyThryv Holdings
Provider of SaaS solutions for SMBs.
- AnalystRBC Capital
Equity research firm issuing the rating and target.