Guggenheim analyst Jonathan Lee initiated coverage of Perficient with a Neutral rating and $65 price target. While the firm says it appreciates Perficient’s high-value consulting-led approach and its runway for margin expansion, it believes the current valuation appropriately balances risks associated with smaller deal sizes and blended pricing compression, the analyst tells investors.
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Read More on PRFT:
- Perficient management to meet with Jefferies
- Perficient price target lowered to $65 from $70 at Scotiabank
- Perficient price target lowered to $67 from $71 at Alliance Global Partners
- Perficient Announces Executive Chairman Changes and Q4 Financial Insights
- Perficient sees FY24 EPS $4.05-$4.20, consensus $4.28
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