Barrington analyst Vincent Colicchio maintained a Buy rating on Perficient (NASDAQ: PRFT) today and set a price target of $31. The company’s shares opened today at $24.94.
Colicchio said:
“We are increasing our 2018 and 2019 non- GAAP EPS forecasts to $1.53 and $1.68 from $1.50 and $1.64, respectively.”
According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 1.7% and a 44.9% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.
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 23, Maxim Group also reiterated a Buy rating on the stock with a $34 price target.
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Based on Perficient’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $5.85 million. In comparison, last year the company had a net profit of $7.03 million.
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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.
