
THRY Stock Forecast & Price Target
THRY Analyst Ratings
Bulls say
Thryv Holdings Inc. demonstrates a positive financial outlook, evidenced by a significant 16% year-over-year increase in core Thryv SaaS monthly Average Revenue Per User (ARPU), reaching $355 in the third quarter of 2025, driven by a greater proportion of customers utilizing multiple paid SaaS products. The company's strategic acquisition of Keap is expected to enhance international growth prospects and bolster market share, particularly as small businesses expand and the demand for Thryv's solutions increases. Additionally, management's focus on executing its SaaS strategy, along with opportunities for upselling and cross-selling, positions Thryv to benefit from a favorable macro environment and maintain momentum in revenue and margin improvement.
Bears say
Thryv Holdings Inc. is experiencing a concerning trend, marked by a decline in SaaS subscribers for three consecutive quarters, resulting in approximately 90,000 core SaaS subscribers as of Q3 2025, a decrease of 6% year-over-year and 2% quarter-over-quarter. The company's seasoned net revenue retention (NRR) dropped to 94% in Q3 2025, down from 103% in the two previous quarters, indicating weakening client retention and revenue growth prospects. Additionally, Thryv faces increasing operating expenses related to sales and marketing, along with a potential decline in its marketing services segment, which may further jeopardize future revenue amidst an overall downturn in industry demand for print services.
This aggregate rating is based on analysts' research of Thryv Holdings, Inc. and is not a guaranteed prediction by Public.com or investment advice.
THRY Analyst Forecast & Price Prediction
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