
ASGN (ASGN) Stock Forecast & Price Target
ASGN (ASGN) Analyst Ratings
Bulls say
ASGN Inc. is experiencing positive momentum in its Consulting business, which accounts for 27% of its projected 2024 revenues, with organic growth accelerating in Q3 2024 and two out of five industry verticals showing improvement. The shift towards higher-margin consulting services is anticipated to enhance overall growth and profitability, potentially allowing for multiple expansion as ASGN moves closer to historical median valuation multiples. Additionally, increased demand for services from ASGN's Mexico delivery center, as companies seek cost-effective and skilled IT consulting talent, further supports a favorable outlook for the company's financial performance.
Bears say
ASGN Inc. has reported significant year-over-year declines across all commercial end-markets, with particularly poor performance in core IT staffing and permanent placement services, leading to downward trends in assignment revenue. The company's adjusted EBITDA margins have fallen slightly below consensus expectations, and its revenue guidance of $1.043-1.063 billion, which reflects a decline of 7-9% year-over-year, is also below market consensus. Additionally, the outlook for adjusted EPS guidance has also trailed behind analyst expectations, suggesting a further weakening of financial performance, compounded by external factors such as proposed government spending reductions.
This aggregate rating is based on analysts' research of ASGN and is not a guaranteed prediction by Public.com or investment advice.
ASGN (ASGN) Analyst Forecast & Price Prediction
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