ACI Worldwide price target raised to $38 from $35 at Seaport Research

Seaport Research raised the firm’s price target on ACI Worldwide to $38 from $35 and keeps a Buy rating on the shares. The company’s strong Q4 results and solid 2024 guidance highlight that its growth is accelerating as it is capitalizing on secular demand tailwinds in several areas, notably for real-time payments, the analyst tells investors in a research note. The firm says ACI is helping to drive the ongoing shift globally towards payments modernization.