Thryv Holdings has launched an AI native growth platform for local service businesses and announced new partnerships with Wix.com and Ooma. The stock last closed at $2.44, compared with a widely followed fair value narrative of about $4.67, implying a 48% undervaluation. The company's verticalization initiatives and product ecosystem enhancements are increasing ARPU, customer retention, and cross-sell rates. However, subscriber contraction and the running down of higher margin legacy marketing services could challenge the earnings path behind the 48x future P/E assumption.
