Barclays lowered the firm’s price target on CCC Intelligent Solutions (CCCS) to $13 from $14 and keeps an Equal Weight rating on the shares post the Q3 report. The biggest focal point from the earnings call was the Q4 implied revenue growth rate of 7%, which reflects lower industry claim volume, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCCS:
- CCC Intelligent Solutions reports Q3 EPS 10c, consensus 9c
- CCC Intelligent sees Q4 revenue $242.5M-$246.5M, consensus $246.31M
- CCC Intelligent sees 2024 revenue $941M-$945M, consensus $943.38M
- Ccc Intelligent Solutions Holdings Inc (CCCS) Q3 Earnings Cheat Sheet
- CCC Intelligent Solutions reports retirement of CSDO, departure of CCCSO
Questions or Comments about the article? Write to editor@tipranks.com