Barrington Keeps a Buy Rating on Virtusa Corp (VRTU)


In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on Virtusa Corp (VRTU), with a price target of $60. The company’s shares closed last Monday at $39.85.

According to TipRanks.com, Colicchio is a 1-star analyst with an average return of -1.9% and a 57.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Virtusa Corp with a $51 average price target, which is a 29.1% upside from current levels. In a report issued on September 10, Needham also maintained a Buy rating on the stock with a $48 price target.

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The company has a one-year high of $57 and a one-year low of $31.99. Currently, Virtusa Corp has an average volume of 196.8K.

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Virtusa Corp. engages in the provision of information technology consulting, technology implementation, and application outsourcing services. Its services includes business process management, application services, infrastructure management, enterprise information management, independent validation services, platforming, mobility, enterprise resource planning, business consulting, customer experience management, and cloud. The company was founded by Krishan A. Canekeratne, Tushara Canekeratne and John Gillis in November 1996 and is headquartered in Westborough, MA.

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