Jefferies analyst Samad Samana assumed coverage of CCC Intelligent Solutions with a Buy rating and price target of $11, down from $12. CCC’s "strong" market position as a software-as-a-service platform for property and casualty insurers and the auto repair industry should result in durable, high-single-digit revenue growth as these industries adopt more digital solutions, the analyst tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CCCS:
- CCC Intelligent Solutions initiated with an Overweight at JPMorgan
- CCC Intelligent announces Indiana Farmers Insurance to use CCC Estimate
- CCC Intelligent Solutions sees FY23 revenue $842M-$850M, consensus $844.96M
- CCC Intelligent Solutions sees Q1 revenue $202M-$204M, consensus $200.84M
- CCC Intelligent Solutions reports Q4 adjusted EPS 7c, consensus 7c
