Luxoft Holding (LXFT) Receives a Rating Update from a Top Analyst


In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Hold rating on Luxoft Holding (LXFT), with a price target of $59. The company’s shares opened today at $58.17, close to its 52-week high of $58.44.

Foresi said:

“. We maintain our Neutral rating on LXFT and our 12-month PT of $59. The company reported 3QFY19 results below expectations. It did not hold a conference call due to the upcoming acquisition by DXC.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 19.7% and a 84.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

Luxoft Holding has an analyst consensus of Hold, with a price target consensus of $47.17.

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Luxoft Holding’s market cap is currently $1.96B and has a P/E ratio of 38.77. The company has a Price to Book ratio of 4.03.

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Luxoft Holding, Inc. engages in the provision of software development and information technology solutions. It operates through the following geographical segments: North America, Europe (excl. UK), United Kingdom, Russia, Asia-Pacific (APAC), and Other. The company was founded in March 2000 and is headquartered in Zug, Switzerland.

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