TipRanks

Notifications

Needham Believes Perficient (PRFT) Still Has Room to Grow

In a report released today, Mayank Tandon from Needham reiterated a Buy rating on Perficient (PRFTResearch Report), with a price target of $155.00. The company’s shares closed last Thursday at $123.80, close to its 52-week high of $134.84.

According to TipRanks.com, Tandon is a 5-star analyst with an average return of 24.1% and a 62.1% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Duck Creek Technologies.

Currently, the analyst consensus on Perficient is a Strong Buy with an average price target of $133.17, implying a 9.4% upside from current levels. In a report issued on October 18, Barrington also maintained a Buy rating on the stock with a $116.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $134.84 and a one-year low of $37.42. Currently, Perficient has an average volume of 448.6K.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRFT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Perficient, Inc. engages in the provision of business optimization and industry solutions. Its solutions include analytics, custom applications, management consulting, commerce, content management, business integration, customer relationship management, portals & collaboration, platform implementations, business process management, enterprise data and business intelligence, enterprise performance management, enterprise mobile, cloud services and digital marketing. The company was founded in 1998 and is headquartered in St. Louis, MO.

Read More on PRFT: