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Investing.com - UBS has reiterated its Neutral rating and $78.00 price target on Korn/Ferry (NYSE:KFY) following the company’s fiscal first quarter results. According to InvestingPro data, KFY currently trades at $72.83, with analysts’ targets ranging from $78 to $88, suggesting potential upside. The company maintains a healthy financial profile with a GOOD overall health score.
Korn/Ferry reported modest upside in its fiscal first quarter performance and provided second-quarter guidance slightly ahead of Wall Street expectations, though the company remained cautious about the broader economic environment. InvestingPro analysis indicates the stock is trading at an attractive PEG ratio of 0.37, suggesting undervaluation relative to its growth prospects.
Notable highlights from the quarter included Korn/Ferry’s Consulting division returning to slight revenue growth and continued expansion in the company’s global Executive Search business.
UBS analyst Joshua Chan raised earnings per share estimates by approximately 1% following the quarterly report, which the firm indicated appears to justify the stock’s movement following the earnings announcement.
While Korn/Ferry appears to be outperforming amid challenging labor market conditions, UBS believes the near-term risk/reward profile remains balanced due to ongoing macroeconomic concerns.
In other recent news, Korn Ferry reported impressive financial results for the first quarter of fiscal year 2026, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $1.31, surpassing the forecasted $1.24, which marks a 5.65% surprise. Revenue also exceeded predictions, reaching $709 million compared to the expected $687 million. These results highlight a positive start to the fiscal year for Korn Ferry. Additionally, the strong earnings report has led to increased investor confidence in the company’s performance. Analyst firms have noted the significance of these financial outcomes, although specific upgrades or downgrades were not detailed. The positive earnings announcement is a key development for Korn Ferry, reflecting its financial health and operational success. Investors may find these recent developments encouraging as they assess the company’s future prospects.
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