Where TTEC Holdings Stands With Analysts
Portfolio Pulse from Benzinga Insights
TTEC Holdings (NASDAQ:TTEC) has received mixed analyst ratings over the past three months, with a recent shift towards a more bullish stance. The latest analyst evaluations show a decrease in the average 12-month price target to $13.00 from $24.00, indicating a significant change in expectations. Analysts from Craig-Hallum, Guggenheim, Canaccord Genuity, and Barrington Research have adjusted their ratings and price targets, reflecting varied perspectives on the company's future performance. TTEC Holdings, specializing in customer engagement management tools and services, faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management, suggesting potential difficulties ahead.
May 10, 2024 | 5:00 pm
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TTEC Holdings has seen a shift in analyst sentiment, with a recent move towards a more bullish outlook despite a significant decrease in the average price target. The company faces several financial challenges, including a decline in revenue growth, below-average net margin, ROE, ROA, and a high debt-to-equity ratio.
The mixed analyst ratings, combined with a significant reduction in the average price target, suggest a cautious outlook for TTEC Holdings. Financial challenges such as declining revenue, profitability issues, and high debt levels further contribute to a potentially negative short-term impact on the stock price. The recent bullish ratings may not fully mitigate the concerns raised by the company's financial health and market position.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100