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JMP Securities Thinks Duck Creek Technologies’ Stock is Going to Recover

In a report released today, Joe Goodwin from JMP Securities maintained a Buy rating on Duck Creek Technologies (DCTResearch Report), with a price target of $27.00. The company’s shares closed last Thursday at $22.12, close to its 52-week low of $18.60.

According to TipRanks.com, Goodwin is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.6% and a 41.9% success rate. Goodwin covers the Technology sector, focusing on stocks such as Consensus Cloud Solutions, Tyler Technologies, and Veeva Systems.

Duck Creek Technologies has an analyst consensus of Strong Buy, with a price target consensus of $34.63, which is a 53.5% upside from current levels. In a report issued on March 22, D.A. Davidson also maintained a Buy rating on the stock with a $38.00 price target.

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The company has a one-year high of $50.90 and a one-year low of $18.60. Currently, Duck Creek Technologies has an average volume of 731.6K.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DCT in relation to earlier this year.

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Duck Creek Technologies Inc is a technology company. The company is one of the leading SaaS provider of core systems for the P&C insurance industry. The product portfolio includes distribution management, reinsurance management, digital management, and other services.

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