Movers and SHAKERS
Information Services (III)
Raising PT As Share Price Continues Upward Trajectory
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 70 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Increasing PT. We are raising our 12-month price target on ISG shares. ISG shares have shown strong momentum since the beginning of November, nearly doubling in price. At our increased PT, ISG shares would trade at an EV/S multiple of 1.2x our projected 2021 revenues and 10.8x on an EV/EBITDA multiple on our 2021 EBITDA projection. These multiples remain at a discount to the peer group which trades at an EV/S multiple of 2.0x and an EV/EBITDA multiple of 14.2x based on consensus 2021 estimates.
WFH Trends to Provide Boost. The pandemic will end at some point, hopefully soon, but we anticipate a number of changes in how we work to stick, to varying degrees. We believe a number of these trends will favor the services offered by Information Services, which will bode well for the Company's future operating results. Digital is the future and the best way to improve efficiency, reach customers ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.