Bank of America Securities analyst Tal Liani has reiterated their bullish stance on DOX stock, giving a Buy rating on October 30.
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Tal Liani has given his Buy rating due to a combination of factors that highlight Amdocs’s potential for growth and stability. The company’s strong backlog, which has grown by 3.2% year-over-year to $4.2 billion, provides approximately 90% revenue visibility into fiscal year 2026, offering a level of predictability that is valuable in uncertain market conditions. Additionally, Amdocs’s cloud segment continues to show robust double-digit growth, now accounting for 30% of the company’s revenue, and the introduction of generative AI presents further growth opportunities.
Despite a muted growth outlook, with fiscal year 2026 revenue and EPS guidance slightly below street expectations, Amdocs is positioned to benefit from its strategic initiatives. The company is expected to see a growth reacceleration in the second half of 2026, driven by recent wins and the ongoing expansion of its cloud services. Moreover, the stock’s valuation suggests limited downside risk, trading at approximately 10.5 times forward P/E, which supports the Buy rating. The integration of AI with Amdocs’s core activities and the resilience shown by its managed services, which reached a record 66% of total revenue, further reinforce the company’s growth potential.
According to TipRanks, Liani is a 5-star analyst with an average return of 9.9% and a 59.46% success rate. Liani covers the Technology sector, focusing on stocks such as Ciena, CrowdStrike Holdings, and SailPoint, Inc..
In another report released on October 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $94.00 price target.