VRSK - Verisk Analytics: Consistent Business Growth; Overvalued Stock Price (Rating Maintained)

2024-03-07 09:32:50 ET

Summary

• Verisk Analytics achieved 6% organic revenue growth and 6.5% organic EBITDA growth in Q4 2023.
• Premium rate increases, AI, and data analytics are driving Verisk Analytics' growth.
• The company is guiding for approximately 8% revenue growth and 10% adjusted EBITDA growth for FY24.

Verisk Analytics ( VRSK ) unveiled their Q4 results on February 21 ^st , demonstrating consistent organic growth. I presented my 'Hold' thesis in my previous coverage , emphasizing their rich stock valuation and steady business growth. I reiterate my 'Hold' rating with a fair value of $210 per share....

For further details see: