Maxim Group analyst Allen Klee initiated coverage with a Buy rating on Perficient (NASDAQ: PRFT) today and set a price target of $34. The company’s shares closed yesterday at $25.94.
Klee said:
“PRFT’s focus on digital transformation along with Healthcare and Financial verticals represents a higher-growth area of IT consulting, while offering multiple software partners and both on- and off-shore consulting.”
According to TipRanks.com, Klee is a 2-star analyst with an average return of 2.7% and a 43.3% success rate. Klee covers the Technology sector, focusing on stocks such as Helios & Matheson North America Inc, Net 1 Ueps, and Stampscom.
Currently, the analyst consensus on Perficient is a Moderate Buy with an average price target of $31.50.
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The company has a one-year high of $31.09 and a one-year low of $17.65. Currently, Perficient has an average volume of 201.3K.
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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.
