Exponent Receives a Rating Update from a Top Analyst


In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Exponent (NASDAQ: EXPO), with a price target of $105. The company’s shares closed yesterday at $93.90, close to its 52-week high of $94.73.

Foresi said:

“We maintain our Overweight rating on Exponent and raise our 12-month PT to $105 from $96. We believe the nature of its business gives Exponent an advantage in its ability to deliver results regardless of the economic backdrop. In a recent meeting with management the focus was on the potential for new business development opportunities for proactive work. We expect revenues to average annual growth of high-single to low-double digits going forward, with the opportunity for upside, as catalysts exist in a number of areas.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.3% and a 82.3% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Exlservice Holdings.

Exponent has an analyst consensus of Moderate Buy, with a price target consensus of $95.50.

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Based on Exponent’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $20.34 million. In comparison, last year the company had a net profit of $16.58 million.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.

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Exponent, Inc. is an engineering and scientific consulting company, which engages in the provision of solutions. It operates through two segments: Engineering and Other Scientific; and Environmental and Health. The Engineering and Other Scientific segment provides technical consulting in the areas of engineering and technology development.

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