Seaport Research raised the firm’s price target on ACI Worldwide to $38 from $35 and keeps a Buy rating on the shares. The company’s strong Q4 results and solid 2024 guidance highlight that its growth is accelerating as it is capitalizing on secular demand tailwinds in several areas, notably for real-time payments, the analyst tells investors in a research note. The firm says ACI is helping to drive the ongoing shift globally towards payments modernization.
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Read More on ACIW:
- ACI Worldwide Enhances Financial Flexibility and Board Expertise
- ACI Worldwide sees Q1 revenue $300M-$310M, consensus $308.55M
- ACI Worldwide sees 2024 revenue $1.55B-$1.58B, consensus $1.55B
- ACI Worldwide reports Q4 EPS $1.12, consensus 97c
- Is ACIW a Buy, Before Earnings?
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