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Maxim Group Thinks Perficient’s Stock is Going to Recover

In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Perficient (PRFTResearch Report), with a price target of $140.00. The company’s shares closed last Friday at $88.81, close to its 52-week low of $86.24.

According to TipRanks.com, Aarde is a 5-star analyst with an average return of 38.1% and a 39.4% success rate. Aarde covers the Technology sector, focusing on stocks such as WiSA Technologies, Inc., BIO-key International, and Super League Gaming.

Perficient has an analyst consensus of Strong Buy, with a price target consensus of $118.33, implying a 30.0% upside from current levels. In a report issued on August 4, Needham also maintained a Buy rating on the stock with a $120.00 price target.

See today’s best-performing stocks on TipRanks >>

Perficient’s market cap is currently $3.08B and has a P/E ratio of 42.24.

Based on the recent corporate insider activity of 18 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 PRFT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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