Perficient (PRFT) Gets a Buy Rating from Maxim Group

By Ryan Adsit

In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Perficient (PRFTResearch Report), with a price target of $50.00. The company’s shares closed last Monday at $38.94, close to its 52-week high of $41.82.

According to TipRanks.com, Aarde is a 1-star analyst with an average return of -4.5% and a 16.7% success rate. Aarde covers the Services sector, focusing on stocks such as Livexlive Media, Boxlight, and Hyrecar.

Currently, the analyst consensus on Perficient is a Strong Buy with an average price target of $46.25, a 20.5% upside from current levels. In a report issued on November 1, Barrington also maintained a Buy rating on the stock with a $44.00 price target.

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The company has a one-year high of $41.82 and a one-year low of $20.92. Currently, Perficient has an average volume of 286.6K.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.

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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.