Oppenheimer Analyst Reiterates Outperform on Amdocs Limited (DOX)

Oppenheimer analyst Shaul Eyal reiterates his Outperform rating and a $65.00 price target on Amdocs Limited (NASDAQ:DOX), following the company’s strong 3Q earnings report.

The company reported revenue of $930M, ahead of consensus estimates of $928M. He also notes that EPS of $0.90 beat consensus estimates of $0.87.

Eyal explains, “DOX will help companies with deployment. Last quarter, DOX announced that it was selected by AT&T to provide key components of AT&T’s Domain 2.0 initiative. Separately, DOX announced that during 3Q, a leading North American MSO selected DOX’s solutions for its Enterprise business.”

According to TipRanks, Shaul Eyal is ranked #60 of 4,083 analysts. He maintains a success rate of 62% with an average profit of 10.9%.

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