Oppenheimer Reiterates Perform Rating on Perfect Corp. (PERF)

Oppenheimer analyst Brian Schwartz reiterated a Perform rating on Perfect Corp. (NYSE: PERF).

The analyst commented: "Perfect Corp. showed mixed 3Q24 results with another quarter of strong year/year operating margin improvemens and double-digit top line growth, balanced by slightly lower revenue growth guidance. Growth is being driven by its core AI/AR cloud solutions and consumer business. Additionally, improving operating efficiency led to record IFRS net income. On balance, the key customer count remains flat, and there is not enough top-line growth at current scale to get investors excited about the name. Bottom Line: Perfect's business is making good progress on improving the operating profile and sustaining durable AR/AI revenue growth. In our view, the company remains a technology leader in the fashion and beauty industry, doing a good job in navigating a difficult operating environment. Maintain Perform rating."

For an analyst ratings summary and ratings history on Perfect Corp. click here. For more ratings news on Perfect Corp. click here.

Shares of Perfect Corp. closed at $1.93 yesterday.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Jefferies on Five Below (FIVE): 'Our latest channel checks reinforce our view that FIVE's momentum extends well beyond viral Squish trends'
• Aurora Spine settles patent dispute, secures $600K insider loan