Macquarie Sticks to Their Buy Rating for FINEOS Corporation Holdings Plc Shs Chess Depositary Interests Repr 1 Sh (FCL)

Macquarie reaffirmed a Buy rating on FINEOS Corporation Holdings Plc (FCL), while setting a price target of A$3.50. The report released today kept the stance consistent with broader analyst expectations, where an analyst consensus described the stock as a Strong Buy and cited a consensus price target of A$3.21. For fundamentals, Macquarie referenced FINEOS’ latest earnings for the quarter ended December 31. The company reported quarterly revenue of A$72.06 million and net profit of A$2.22 million. A year earlier, FINEOS earned revenue of A$34.37 million and recorded a GAAP net loss of A$792.3 thousand.