UPDATE: Wolfe Research Starts Duck Creek Technologies (DCT) at Outperform
Wolfe Research analyst Alex Zukin initiates coverage on Duck Creek Technologies (NASDAQ: DCT) with a Outperform rating and a price target of $50.00.
The analyst comments "We see strengthened secular themes in the P&C industry driving an elevated cloud growth trajectory for the company with larger pipelines, better coverage and more new logo momentum. We also see elevated success in customer up-sell, expansion and conversion as well as landing with new products outside the core. Additional catalysts that would strengthen the narrative would be key competitive replacements and elevated conversion momentum."
Shares of Duck Creek Technologies closed at $42.12 yesterday.
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