Performant weakness creates better buying opportunity, says Wells Fargo

theflyonthewall.com

Wells Fargo continues to expect Performant Financial to generate 20%+ revenue growth and low-to-mid-30s EBITDA margins over the next several years. The firm thinks the stock is significantly undervalued, while its weakness creates a buying opportunity for investors focused on small-cap stocks. The firm maintains an Outperform rating on the shares.

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