Piper Jaffray Raises Price Target For Black Knight Financial Services Inc (BKFS)
Analyst Jason Deleeuw from Piper Jaffray reiterated his Overweight rating on Black Knight Financial Services Inc (NYSE:BKFS) with a raised price target of $44, marking a 14% increase from current levels.
This rating came after BKFS 2Q earnings showed a revenue growth of 10% and an EPS of $0.29. After the report, the analyst raised 2016E guidance due to modestly stronger organic fundamentals and 2Q M&A activity. Deleeuw also increased his expectations into 2018 “to reflect ongoing client expansions, recent M&A activity, and the BAC servicing technology win.”
According to TipRanks, the analyst has a success rate of 63% with an average return of 4% per recommendation.