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%.