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Unveiling 4 Analyst Insights On Perficient

Author: Benzinga Insights | April 23, 2024 01:00pm

Throughout the last three months, 4 analysts have evaluated Perficient (NASDAQ:PRFT), offering a diverse set of opinions from bullish to bearish.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 1 3 0 0
Last 30D 0 0 0 0 0
1M Ago 0 0 0 0 0
2M Ago 0 1 3 0 0
3M Ago 0 0 0 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $69.5, a high estimate of $77.00, and a low estimate of $65.00. This upward trend is evident, with the current average reflecting a 0.72% increase from the previous average price target of $69.00.

price target chart

Analyzing Analyst Ratings: A Detailed Breakdown

The perception of Perficient by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Jonathan Lee Guggenheim Announces Neutral $65.00 -
Divya Goyal Scotiabank Lowers Sector Perform $65.00 $70.00
Vincent Colicchio Barrington Research Maintains Outperform $77.00 -
Puneet Jain JP Morgan Raises Neutral $71.00 $68.00

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Perficient. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Perficient compared to the broader market.
  • Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Perficient's stock. This comparison reveals trends in analysts' expectations over time.

For valuable insights into Perficient's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Perficient analyst ratings.

If you are interested in following small-cap stock news and performance you can start by tracking it here.

Get to Know Perficient Better

Perficient Inc provides a variety of information technology and consulting services that focus on digital experience, business optimization, and IT solutions. The company's services include big data analytics, technology platform implementations, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, business process management, and customer relationship management. It serves the healthcare, financial services, retail, and electronics industries. The vast majority of the company's revenue comes from the United States.

Unraveling the Financial Story of Perficient

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Decline in Revenue: Over the 3 months period, Perficient faced challenges, resulting in a decline of approximately -5.08% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Perficient's net margin is impressive, surpassing industry averages. With a net margin of 10.5%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Perficient's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 4.49%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.21%, the company showcases effective utilization of assets.

Debt Management: Perficient's debt-to-equity ratio is below the industry average. With a ratio of 0.79, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

The Basics of Analyst Ratings

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: PRFT

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