Barrington Research Maintains Outperform on Perficient, Lowers Price Target to $77
Portfolio Pulse from richadhand@benzinga.com
Barrington Research analyst Vincent Colicchio has maintained an Outperform rating on Perficient (NASDAQ:PRFT), but lowered the price target from $85 to $77.
July 28, 2023 | 1:40 pm
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Perficient's price target has been lowered from $85 to $77 by Barrington Research, though the Outperform rating is maintained.
The lowering of the price target by Barrington Research indicates a potential decrease in the short-term value of Perficient's stock. However, the maintained Outperform rating suggests that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100