Perficient (PRFT) PT Raised to $114 at Jefferies

July 30, 2021 8:15 AM EDT
Get Alerts PRFT Hot Sheet
Price: $121.79 +2.02%

Rating Summary:
    11 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 13 | New: 52
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Jefferies analyst Surinder Thind raised the price target on Perficient (NASDAQ: PRFT) to $114.00 (from $79.00) while maintaining a Buy rating.

The analyst commented, "Revenues and earnings beat expectations on meaningfully higher organic growth that reached 21%. The midpoint of 2021 guidance for revenues and earnings was raised again, this time by 5.0% and 5.7%, respectively. Mgmt's confident tone and commentary on the call suggest they expect growth to remain strong and are targeting mid-teens on a longer-term basis. Our estimates move higher as does our price target. Reiterate Buy."



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