Barrington analyst Vincent Colicchio raised the firm’s price target on Insight Enterprises to $211 from $184 and keeps an Outperform rating on the shares. Following a Q4 earnings and revenue miss, the firm is reducing its 2024 adjusted EPS forecast to $10.65 from $11.35 due to an increase in its selling, general, and administrative cost forecast, which was “previously too conservative.” The firm is also introducing an initial 2025 adjusted EPS forecast of $12.70.
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- Insight Enterprises sees FY24 adjusted EPS $10.50-$10.80, consensus $11.32
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