Unveiling 4 Analyst Insights On Perficient
Portfolio Pulse from Benzinga Insights
Over the last three months, 4 analysts have provided diverse opinions on Perficient (NASDAQ:PRFT), with recent evaluations showing a mix of neutral and somewhat bullish stances. The average 12-month price target for PRFT has slightly increased to $69.5. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their response to Perficient's market dynamics and performance. Despite a revenue decline of -5.08% over the past 3 months, Perficient's financials show strong net margin and ROA, but a lower ROE and market capitalization compared to industry averages.
April 23, 2024 | 5:00 pm
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NEUTRAL IMPACT
Perficient's mixed analyst ratings and slight increase in price target reflect cautious optimism. Despite a revenue decline, strong profitability metrics may support investor confidence.
The mixed analyst ratings with a slight increase in the price target suggest a cautiously optimistic outlook for Perficient. The revenue decline is a concern, but the company's strong net margin and ROA indicate effective cost management and asset utilization, which could mitigate short-term negative impacts and maintain investor interest.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100