Cimpress price target raised to $100 from $91 at Barrington

Barrington raised the firm’s price target on Cimpress to $100 from $91 and keeps an Outperform rating on the shares. The company’s largest business segment, Vista, recently reached a positive inflection point following the completion a significant organic investment cycle and the upgrade of its e-commerce technology platform, the analyst tells investors in a research note. The firm says Cimpress is well positioned to continue benefiting from the long-term secular shift away from traditional print shop production to online purchasing. The stock is on the firm’s best ideas list for 2024.