Guggenheim Initiates Coverage On Perficient with Neutral Rating, Announces Price Target of $65
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Jonathan Lee has initiated coverage on Perficient (NASDAQ:PRFT) with a Neutral rating and set a price target of $65.

March 19, 2024 | 8:55 am
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NEUTRAL IMPACT
Guggenheim initiated coverage on Perficient with a Neutral rating and a price target of $65.
The initiation of coverage by a reputable firm like Guggenheim generally brings a stock into focus for investors. A Neutral rating suggests that Guggenheim sees the stock as fairly valued at its current price, implying no significant short-term price movement. The price target of $65 provides a benchmark for investors, but since it's not specified whether this target is above or below the current trading price, the immediate impact is likely neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100