In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Blucora (NASDAQ: BCOR), with a price target of $40. The company’s shares opened today at $36.75.
Paris said:
“We are reiterating our OUTPERFORM investment rating and our price target of $40, which assumes a 19x multiple on our raised 2019 estimate for adjusted EPS.”
According to TipRanks.com, Paris is a 5-star analyst with an average return of 15.7% and a 56.8% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Capella Education Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blucora with a $43.33 average price target, which is a 17.9% upside from current levels. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $43 price target.
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Based on Blucora’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $34.94 million. In comparison, last year the company had a net profit of $3.3 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.
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Blucora, Inc. engages in the provision of technology-enabled financial solutions to consumers, small businesses, and tax professionals. It operates through the Wealth Management and Tax Preparation segments.
