From Nasdaq: 2024-05-22 11:27:00

Sapiens International (SPNS) is experiencing growth thanks to its innovative SaaS portfolio. With a 19.2% year-to-date return, outperforming the industry and sector, the company is capitalizing on the $208 billion insurance IT spending market. Strong partnerships, like with Microsoft, are set to drive further growth opportunities.

SPNS recently launched IntegrateAI, enhancing its Decision model capabilities with machine learning. The company’s Zacks Rank #1 and positive Growth Score make it an attractive investment. Increasing clientele and strategic partners like Microsoft are key drivers of SPNS’ growth. Expansion into international markets, like the Caribbean, UK, Germany, and Canada, contribute to their positive outlook.

For 2024, SPNS projects revenues between $550 million and $555 million, with a strong operating income forecast. Analysts predict earnings growth, making SPNS an appealing investment. Consider top-ranked stocks like Arista Networks (ANET) and Alphabet (GOOGL) for a well-rounded investment portfolio. Download Zacks’ free report on 5 Dividend Stocks for Retirement and get expert insights on investment strategies.



Read more at Nasdaq: Here’s Why Sapiens (SPNS) is a Must-Buy Stock Right Now