Scott Berg's Buy rating for Thryv Holdings is supported by exceptional second-quarter financial results, particularly the significant growth in SaaS profitability and the Marketing Services revenue exceeding expectations.
Thryv Holdings experienced a notable increase in new SaaS customers, showing positive trends in customer preference towards the Marketing Center module, which analyst Berg sees as encouraging.
Berg anticipates a normalization of pricing for Thryv Holdings due to the current lower SaaS entry point, expecting more financial insights to be revealed at an upcoming investor day in the fourth quarter.
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