ACI Worldwide price target raised to $37 from $34 at DA Davidson

DA Davidson raised the firm’s price target on ACI Worldwide to $37 from $34 and keeps a Buy rating on the shares. The firm is adjusting its valuation framework to 2025 forecasts while also noting that the market had responded positively to the upside in ACI’s Q3 results as it helped de-risk the company’s ability to achieve Q4 and full-year outlook, the analyst tells investors in a research note. Market sentiment has also improved for FinTech names, the firm added.