Where Perficient Stands With Analysts
Portfolio Pulse from Benzinga Insights
Analyst ratings for Perficient (NASDAQ:PRFT) have varied over the last quarter, with a recent shift towards a more neutral stance. The current average 12-month price target is $69.5, slightly up from $69.00. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting dynamic market conditions and company performance. Perficient's financial performance shows a revenue decline of -5.08% over the past 3 months, a net margin of 10.5%, and an ROA of 2.21%, indicating strong profitability but challenges in revenue growth and equity capital utilization.
March 19, 2024 | 12:00 pm
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NEUTRAL IMPACT
Perficient's analyst ratings have shown a recent shift towards neutrality, with a slight increase in the average 12-month price target to $69.5. Financially, the company faces a revenue decline and challenges in equity capital utilization, despite strong profitability indicators like net margin and ROA.
The shift towards a more neutral analyst sentiment and the slight increase in the average price target suggest a cautious but not pessimistic outlook for PRFT. The financial challenges, particularly in revenue growth, may temper short-term stock performance, but strong profitability metrics like net margin and ROA could provide some support. The overall neutral score reflects these balanced factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100