Barclays analyst Saket Kalia raised the firm’s price target on CCC Intelligent Solutions to $13 from $12 and keeps an Equal Weight rating on the shares. The company reported a better Q2 with revenue upside driven by better net dollar retention of 107%, with operating leverage driving an EBITDA beat, the analyst tells investors in a research note.
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Read More on CCCS:
- CCC Intelligent Solutions sees FY23 revenue $851M-$855M, consensus $848.2M
- CCC Intelligent Solutions sees Q3 revenue $215M-$217M, consensus $214.8M
- CCC Intelligent Solutions reports Q2 adjusted EPS 7c, consensus 7c
- Is CCCS a Buy, Before Earnings?
- CCC Intelligent Solutions 10M share Block Trade priced at $10.75
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