Amdocs (DOX) Receives a Rating Update from a Top Analyst


In a report released today, Shaul Eyal from Oppenheimer reiterated a Buy rating on Amdocs (NASDAQ: DOX). The company’s shares opened today at $64.51.

According to TipRanks.com, Eyal is a top 100 analyst with an average return of 14.8% and a 65.5% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and Varonis Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Amdocs with a $74 average price target.

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Amdocs’ market cap is currently $9.24B and has a P/E ratio of 22.58. The company has a Price to Book ratio of 2.59.

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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, network solutions, and big data analytics to enable service providers introduce new products and services, process orders, monetize data, and support new business models. The company was founded in 1988 and is headquartered in Chesterfield, MO.

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