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
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

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."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Jefferies & Co, Earnings