Barrington Stick to Their Buy Rating for Perficient

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Barrington analyst Vincent Colicchio maintained a Buy rating on Perficient (NASDAQ:PRFT) on Tuesday, setting a price target of $48, which is approximately 10.22% above the present share price of $43.55.

Colicchio expects Perficient to post earnings per share (EPS) of $0.21 for the third quarter of 2020.

The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Perficient, with an average price target of $48.
The analysts price targets range from a high of $51 to a low of $45.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $146.34 million and a net profit of $15.59 million. The company’s market cap is $1.45 billion.

According to TipRanks.com, Barrington analyst Vincent Colicchio is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.0% and a 53.51% success rate.

Perficient, Inc. engages in the provision of business optimization and industry solutions. Its solutions include analytics, custom applications, management consulting, commerce, content management, business integration, customer relationship management, portals & collaboration, platform implementations, business process management, enterprise data and business intelligence, enterprise performance management, enterprise mobile, cloud services and digital marketing. The company was founded in 1998 and is headquartered in St. Louis, MO.

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