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Confidential Source•Jul 3, 2026
HPS Gains Buy Recommendation from CFG Bank on Record Backlog and SaaS Growth
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•May 5th, 2026HPS at a High-Rentability Turning Point: Backlog Boom and the SaaS Lever (2027–2032)
After a transformative 2025 defined by the CR2 integration and a rapid shift to SaaS, HPS reports record backlog and growing recurring revenues, positioning 2026 for momentum while setting the stage for an operating leverage inflection beyond 2027. Management targets 25–30% EBITDA margin by 2027 as ...
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