Clarivate Plc (CLVT) Shares Important Business Updates at Goldman Sachs Conference

Clarivate Plc (NYSE:CLVT) is one of the Best Penny Stocks to Buy with the Highest Upside Potential. On September 11, Clarivate Plc (NYSE:CLVT) shared important business updates at the Goldman Sachs Communicopia + Technology Conference.

Management noted that they are focused on growing subscription revenue and are targeting AI across its products. The company aims for 90% of its revenue to come from subscriptions, which currently stands at 88%. Moreover, it is moving away from transactional sales, especially in Analytics & Guidance and Life Sciences, targeting a full transition by 2026. Management highlighted that the new digital products, like ProQuest e-books, support this shift.

Financially, Clarivate Plc (NYSE:CLVT)’s EBITDA margins are expected to shrink to 41% this year due to asset disposals. The company plans to complete a review of non-core assets by February 2026 to streamline its portfolio. Moreover, it also aims to reduce gross leverage from 4.3 times to below three.

Clarivate Plc (NYSE:CLVT) provides data, insights, analytics, and workflow solutions across Academia & Government, Intellectual Property, and Life Sciences & Healthcare.

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Disclosure: None. This article is originally published at Insider Monkey.