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Investing.com - Roth/MKM has raised its price target on Barrett Business Services (NASDAQ:BBSI) to $55.00 from $45.00 while maintaining a Buy rating on the stock. The company’s stock, currently trading at $44.45, has delivered an impressive 29.5% return over the past year. According to InvestingPro analysis, the stock appears to be fairly valued at current levels.
The price target increase reflects Roth/MKM’s shift to using 2026 estimates for valuation purposes, according to the research note issued by the firm.
Roth/MKM highlighted that Barrett Business Services is executing above plan and achieving industry-leading growth despite challenging market conditions.
The firm noted that strategic growth initiatives have driven increased lead flow, broadened market reach, and expanded the company’s addressable market.
Roth/MKM also pointed to the de-risked nature of Barrett’s workers compensation and healthcare benefits offerings as factors that command a market premium.
In other recent news, Barrett Business Services Inc reported its second-quarter 2025 earnings, showcasing a strong performance. The company achieved earnings per share of $0.70, which was higher than the forecasted $0.69. Revenue for the quarter reached $307.7 million, surpassing expectations by 2.62%. These results highlight Barrett’s ability to exceed market predictions. Despite the positive earnings and revenue figures, the stock experienced a slight decline in after-hours trading. Analysts have noted the company’s performance, but no upgrades or downgrades were reported in the recent analysis. These developments reflect Barrett’s current financial standing and market position.
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