In a report released today, Tom Roderick from Stifel Nicolaus reiterated a Buy rating on Amdocs (DOX), with a price target of $70. The company’s shares closed yesterday at $56.04.
According to TipRanks.com, Roderick is a 5-star analyst with an average return of 19.1% and a 70.3% success rate. Roderick covers the Technology sector, focusing on stocks such as CSG Systems International, Synchronoss Technologies, and Salesforce.com.
Currently, the analyst consensus on Amdocs is a Moderate Buy with an average price target of $69, which is a 23.1% upside from current levels. In a report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $77 price target.
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The company has a one-year high of $71.72 and a one-year low of $52.60. Currently, Amdocs has an average volume of 1.17M.
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Amdocs Ltd. is a holding company, which engages in the provision of software and services solutions for communications, entertainment, and media industries. It specializes in the development, implementation, and management of software and services associate with business support systems, operational support systems, service-driven network and other network solutions, entertainment offerings, and digital solutions. The company was founded in 1988 and is headquartered in Chesterfield, MO.
