Analysts Identify Significant Upside Potential in Asure Software Shares

Despite presenting a mixed financial picture, Asure Software is capturing significant analyst optimism for its future trajectory. The cloud-based human capital management specialist is experiencing a notable sentiment shift, driven not by current performance but by substantial growth expectations. Market experts highlight a considerable gap between the stock’s present valuation and their projected price targets.

The recent strategic acquisition of Lathem Time Corporation appears to be a pivotal move. Management used their July quarterly presentation to substantially upgrade their annual guidance, raising it from the previous $134-138 million range to $138-142 million. This confident forecast revision, coming immediately after finalizing the acquisition, overshadowed disappointing Q2 results and propelled the stock upward by 8% in after-hours trading following the announcement.

This optimism is reflected in concrete analyst Read more...