Needham Maintains Buy on Perficient, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon has maintained a 'Buy' rating on Perficient (NASDAQ:PRFT) but lowered the price target from $85 to $73.
October 31, 2023 | 8:46 pm
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NEUTRAL IMPACT
Perficient's price target has been lowered from $85 to $73 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target by Needham could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100