Barrington analyst Vincent Colicchio raised the firm’s price target on Insight Enterprises to $211 from $184 and keeps an Outperform rating on the shares. Following a Q4 earnings and revenue miss, the firm is reducing its 2024 adjusted EPS forecast to $10.65 from $11.35 due to an increase in its selling, general, and administrative cost forecast, which was “previously too conservative.” The firm is also introducing an initial 2025 adjusted EPS forecast of $12.70.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NSIT:
- Insight Enterprises sees FY24 adjusted EPS $10.50-$10.80, consensus $11.32
- Insight Enterprises reports Q4 EPS $2.98, consensus $3.06
- NSIT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Insight signs Microsoft strategic partnership framework agreement
- Insight Enterprises price target raised to $192 from $178 at JPMorgan
Questions or Comments about the article? Write to editor@tipranks.com