In a report released yesterday, Samad Samana from Jefferies maintained a Buy rating on CCC Intelligent Solutions Holdings (CCCS – Research Report), with a price target of $13.00.
Samad Samana has given his Buy rating due to a combination of factors that suggest a positive outlook for CCC Intelligent Solutions Holdings. The company is expected to meet consensus revenue expectations and potentially exceed margin forecasts, indicating a stable financial performance. Despite previous challenges, CCCS has reset its expectations, which positions it for potential growth, especially with the anticipated contributions from Emerging Solutions and EvolutionIQ.
Additionally, the valuation of CCCS is seen as attractive, trading below its post-IPO average, which suggests potential for share price appreciation. The integration of EvolutionIQ is expected to contribute significantly to revenue in the coming years, and management’s prudent guidance for 2025 reflects a cautious yet optimistic approach. These factors collectively support the Buy rating, as the company appears poised for recovery and growth.
In another report released on April 16, Morgan Stanley also maintained a Buy rating on the stock with a $13.00 price target.
Based on the recent corporate insider activity of 82 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 CCCS in relation to earlier this year.