IBEX (IBEX) Gets a Buy Rating from RBC Capital

RBC Capital analyst Daniel Perlin maintained a Buy rating on IBEX (IBEXResearch Report) on July 29 and set a price target of $22.00. The company’s shares closed last Monday at $18.38.

According to, Perlin is a 5-star analyst with an average return of 9.1% and a 52.3% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, TELUS International (CDA), and Jack Henry & Associates.

IBEX has an analyst consensus of Strong Buy, with a price target consensus of $21.25, which is a 19.4% upside from current levels. In a report issued on July 18, Piper Sandler also maintained a Buy rating on the stock with a $21.00 price target.

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Based on IBEX’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $129 million and net profit of $6.6 million. In comparison, last year the company earned revenue of $109 million and had a GAAP net loss of $245K.

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IBEX Holdings Ltd is an end-to-end provider of technology-enabled customer lifecycle experience (CLX) solutions to optimize customer acquisition, engagement, expansion and experience for its clients. IBEX operates through Customer Acquisition and Customer Management segments. Customer Acquisition segment includes consumer-facing businesses and acquires customers for them. In this segment, customers are primarily acquired for clients in the telecommunications, cable, technology and insurance industries. Customer Management segment comprises the engagement, expansion and experience solutions. The suite of customer engagement solutions consists of customer service, technical support and other value added outsourced back office services.

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