Jefferies raises Certara stock price target to $12 on software growth
Investing.com ·
Jefferies raises Certara stock price target to $12 on software growth
Investing.com - Jefferies raised its price target on Certara Inc. (NASDAQ:CERT) to $12.00 from $7.45 on Thursday while maintaining a Hold rating on the shares.
The firm noted Certara’s improving software trajectory, with trailing twelve-month organic bookings growth accelerating from approximately 1% to approximately 8%. The stock has surged 95% over the past six months and currently trades at $12.11, already exceeding Jefferies’ new target and approaching its 52-week high of $12.25. The growth is moving toward management’s long-term double-digit growth view, though the analyst said there is still "work to do." According to InvestingPro analysis, the stock appears undervalued at current levels, with a Fair Value of $12.85. Investors can access comprehensive analysis through Certara’s Pro Research Report, one of 1,400+ available for US equities.
Customer polling suggests existing model-informed drug development use cases remain meaningfully underpenetrated, providing growth runway before new account managers and artificial intelligence initiatives. Services business-to-business still needs to improve from approximately 1x.
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