Goldman Sachs analyst Gabriela Borges keeps a Buy rating and $13 price target on CCC Intelligent Solutions following the company’s presentation at the Communacopia & Technology conference. The presentation by the company’s CEO Ramamurthy indicated that CCC Intelligent Solutions is delivering a step function change in product innovation over the last 2-3 years, including its cloud microservices overlay and Estimate STP, and the firm expects this product pipeline will fuel growth over the next 5+ years, particularly as complexity increases across the industry and as insurance customers focus on deploying AI in their organizations, the analyst tells investors in a research note.
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Read More on CCCS:
- CCC Intelligent Solutions resumed with a Buy at BofA
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- CCC Intelligent Solutions management to meet with Barrington
- CCC Intelligent Solutions price target lowered to $13 from $14 at Jefferies
- CCC Intelligent Solutions sees FY24 revenue $941M-$945M, consensus $948.11M
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