Perficient price target raised to $78 from $75 at Jefferies

Jefferies analyst Surinder Thind raised the firm’s price target on Perficient to $78 from $75 and keeps a Buy rating on the shares, which it calls the firm’s top IT Services pick for 2024 given it has “arguably the most exposure to short cycle revenues.” A return to double-digit organic growth by year-end is “reasonable” and the valuation is “highly attractive,” the analyst added.