---
title: "Buy Rating Reaffirmed on Thryv as Fundamentals Improve and 2026 Outlook Holds, Price Target Unchanged at $6"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284826629.md"
description: "Analyst Scott Berg of Needham has reaffirmed a Buy rating on Thryv Holdings, maintaining a price target of $6.00. He cites improving fundamentals despite transition challenges, with quarterly results meeting expectations and a 5% software growth. Management's 2026 outlook remains consistent, anticipating SaaS revenue growth and improved EBITDA margins. While there are execution risks regarding customer additions, Berg believes the risk/reward is favorable, supporting his Buy recommendation and unchanged price target."
datetime: "2026-04-30T19:55:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284826629.md)
  - [en](https://longbridge.com/en/news/284826629.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284826629.md)
---

# Buy Rating Reaffirmed on Thryv as Fundamentals Improve and 2026 Outlook Holds, Price Target Unchanged at $6

Analyst Scott Berg of Needham maintained a Buy rating on Thryv Holdings, retaining the price target of $6.00.

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Scott Berg has given his Buy rating due to a combination of factors that suggest improving fundamentals despite ongoing transition challenges. He notes that Thryv delivered quarterly results largely in line with expectations, with slight upside on revenue and profitability, while software growth of 5% and a smaller customer base were balanced by strong 12.8% ARPU expansion as the company deliberately targets more up-market clients.

He also points out that management’s full-year 2026 outlook is essentially unchanged and consistent with his model, which anticipates SaaS revenue growth and adjusted EBITDA margins bottoming in the second quarter before improving in the back half of the year. Although he acknowledges execution risk around a forthcoming platform that needs to reaccelerate customer additions to meet fourth-quarter SaaS targets, he appears comfortable that the risk/reward remains favorable, supporting his unchanged $6 price target and Buy recommendation.

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