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Stock impact report

Why Analysts Remain Bullish on CCC Intelligent Solutions Holdings Inc. (CCC) [Yahoo! Finance]

CCC Intelligent Solutions Holdings Inc. (CCCS) 
Company Research Source: Yahoo! Finance
Holdings Inc. (NASDAQ:CCC) has a ‘Buy' or equivalent rating from around 80% of the analysts covering the stock. With a median price target of $11.50, the stock has 52.12% upside potential. On December 12, Kirk Materne, an analyst at Evercore ISI, reaffirmed a ‘Buy' rating on CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC), while setting a price target of $12. This reflects a potential upside of about 59%. On the same day, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) announced the authorization of a new $500 million share repurchase program of the company's outstanding common stock. This follows the existing $300 million accelerated share repurchase (ASR) program with Bank of America, which is backed by incremental term loans under its amended credit agreement. Under the terms, the company will initially receive about 33.2 million shares, reflecting nearly 80% of the anticipated total repurchase volume. As stated by Githesh Ramamurthy, Chairman & CEO of CCC Intellige Show less Read more
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