Analyst Vincent Colicchio of Barrington maintained a Buy rating on Asure, retaining the price target of $17.00. Vincent Colicchio has given his Buy rating due to a combination of factors including strategic acquisitions and the company’s robust product offerings. The recent acquisition of Lathem Time Corporation is expected to enhance Asure’s capabilities in time and attendance management while expanding its client base, which is seen as a strategic advantage for the company. Additionally, Asure’s comprehensive suite of cloud-based Human Capital Management solutions, which includes HR, payroll, and talent management services, positions it well in the market. The incorporation of artificial intelligence in their HR compliance services further enhances their scalability and efficiency, making Asure a compelling investment opportunity. Colicchio’s 12-month price target for Asure is set at $17, reflecting confidence in the company’s growth prospects. In another report released today, Needham also maintained a Buy rating on the stock with a $20.00 price target.

Strategic Acquisitions and AI-Driven Solutions Position Asure for Growth: Analyst Sets $17 Price Target

Analyst Vincent Colicchio of Barrington maintains a Buy rating on Asure with a $17.00 price target, citing strategic acquisitions and AI-driven HR solutions. The company's acquisition of Lathem Time Corporation enhances time and attendance management capabilities, while its cloud-based Human Capital Management solutions position it for growth. Needham also maintains a Buy rating with a $20.00 target.