Barrington raised the firm’s price target on Insight Enterprises to $184 from $168 and keeps an Outperform rating on the shares after Insight recently announced the acquisition of SADA, a provider of digital transformation solutions for Google Cloud, which the firm sees enabling the company to better serve clients as a multi-cloud solutions integrator. The firm is increasing its 2023 and 2024 non-GAAP EPS forecasts to $9.75 and $11.35, respectively, citing the accretive impact of the SADA acquisition.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NSIT:
- Insight Enterprises completes acquisition of SADA
- Insight Enterprises sees FY23 adjusted EPS of $9.40-$9.60, consensus $9.47
- Insight Enterprises reports Q3 adjusted EPS $2.37, consensus $2.33
- NSIT Upcoming Earnings Report: What to Expect?
Questions or Comments about the article? Write to editor@tipranks.com