Perficient Hopes For 2nd Half 2024 Client Spending Growth [Seeking Alpha]
Perficient, Inc. (PRFT)
Last perficient, inc. earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
perficient.gcs-web.com/investor-relations
Company Research
Source: Seeking Alpha
The global market for digital transformation software and services is expected to reach $235 billion by 2031, with a CAGR of 13.16%. Perficient's revenue has been declining, and there is a lot of uncertainty about when client spending will improve. I'm Neutral [Hold] on Perficient stock due to stable earnings and will watch to see client spending trends in the quarters ahead. Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More » Investment Outlook Perficient, Inc. NASDAQ: PRFT ) recently reported its Q4 2023 financial results, missing both revenue and earnings consensus estimates. I previously wrote about PRFT in July 2026 with a Hold outlook on growing bookings amid client conservatism for new projects. Clients continue to be cautious on spending, although there are signs that the second half of 2024 may bring an opening up of discretionary spending. I remain Neutral [Hold] on PRFT due to its stable earnings results as I watch
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PRFT
News
- Perficient, Inc. (NASDAQ: PRFT) was upgraded by analysts at Alliance Global Partners from a "neutral" rating to a "buy" rating. They now have a $67.00 price target on the stock.MarketBeat
- Perficient to Announce First Quarter 2024 Results, Host Conference Call on May 6Business Wire
- Perficient’s AI Bootcamp Partnership with Mark Cuban Foundation Wins Innovation in Philanthropy AwardBusiness Wire
- Perficient Partners with PGA TOUR Player Sepp StrakaBusiness Wire
- Perficient to Showcase Digital Experience and Commerce Expertise at Adobe SummitBusiness Wire
PRFT
Earnings
- 2/27/24 - Beat
PRFT
Sec Filings
- 4/17/24 - Form DEF
- 4/17/24 - Form DEFA14A
- 4/10/24 - Form ARS
- PRFT's page on the SEC website