Tng’s confidence stems from Venture’s annual report issued on April 2 which shares how the company has been “strengthening” foundations for the next phase of growth as it “advances momentum” across multiple technology domains and deepens strategic customer collaborations.
Analyst William Tng from CGS International (CGSI) has reinforced his optimism in technology solutions provider Venture Corporation by maintaining his “buy” call with a higher target price of $21.78, representing an increase of $4.74 from the previous mark of $17.04.
Based on the company’s 10-year historical seasonality trend with the first quarter contributing 22% of earnings on average, Tng thinks that Venture’s declining quarterly earnings since 4QFY2022 could bottom-out at $54.1 million in 1QFY2026, representing 3% y-o-y and 7% q-o-q quarterly decreases.
