In a report released today, Allen Klee from Maxim Group reiterated a Buy rating on Perficient (NASDAQ: PRFT), with a price target of $34. The company’s shares closed yesterday at $24.93.
Klee commented:
“3Q18 non-GAAP EPS of $0.41 beat our estimate of $0.35 and consensus of $0.38. Revenue of $123.9M was up 0.2% y/y, below our estimate of $124.5M and consensus of $125.0M.”
According to TipRanks.com, Klee is a 1-star analyst with an average return of -5.0% and a 36.1% success rate. Klee covers the Technology sector, focusing on stocks such as Net 1 Ueps, Stampscom, and Agilysys.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Perficient with a $32.67 average price target, representing a 31.0% upside. In a report issued on October 18, Barrington also maintained a Buy rating on the stock with a $31 price target.
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The company has a one-year high of $31.09 and a one-year low of $17.86. Currently, Perficient has an average volume of 250.3K.
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Perficient, Inc. engages in the provision of business optimization and industry solutions. Its solutions include analytics, custom applications, management consulting, commerce, content management, business integration, customer relationship management, portals and collaboration, platform implementations, business process management, enterprise data and business intelligence, enterprise performance management, enterprise mobile, cloud services, and digital marketing. The company was founded in 1998 and is headquartered in St. Louis, MO.
