Analysts Bump Up ZipRecruiter Price Target Post Q3 Beat

Analysts bumped up price targets on ZipRecruiter Inc ZIP following Q3 beat and solid Q4 and FY21 outlook.
Raymond James analyst Aaron Kessler raised the price target to $45 from $40, implying 46% upside, and reiterated a Strong Buy following "strong" Q3 results and raised guidance.
Kessler's positive fundamental view is based on an extensive recruitment TAM that is increasingly shifting online, a leadership position with strong brand recognition driving a high degree of organic traffic, and an expectation for 15%-plus long-term revenue growth.
Barclays analyst Trevor Young raised the price target on ZipRecruiter to $42 from $38, implying 36% upside, and maintained an Overweight post the Q3 results.
Price Action: ZIP shares traded higher by 14.4% at $30.58 on the last check Thursday.

Momentum11.24

Growth15.10

QualityNot Available

Value25.27

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