Roth Capital Assigns Buy On Shares Of PC Connection, $26 PT
In a research report issued today, Roth Capital analyst Jeff Martin assigned a Buy rating on PC Connection (NASDAQ:PCCC) with a price target of $26.00.
Martin wrote, “Strong industry growth, combined with market share gains have driven a robust year for PCCC. We anticipate tough comps next year, but continue to expect growth in line to ahead of the broader IT market, which IDC pegs at 3% in 2015. Management’s goal of achieving 50% of revenue from advanced technologies brings growth opportunities with modest margin expansion. Reiterate Buy rating and $26 price target.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Jeff Martin has a total average return of 5.6% and a 45.5% success rate. Martin is ranked #1438 out of 3343 analysts.