Analyst Michael Funk from Bank of America Securities reiterated a Buy rating on CCC Intelligent Solutions Holdings (CCCS – Research Report) and decreased the price target to $11.00 from $14.00.
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Michael Funk’s rating is based on a combination of factors that highlight both challenges and opportunities for CCC Intelligent Solutions Holdings. Despite the company facing short-term headwinds due to lower claims volumes and macroeconomic pressures, which have led to a slight reduction in revenue guidance for the fiscal year 2025, there are positive indicators. The company’s emerging solutions have shown improved growth, contributing more than expected to overall performance.
Additionally, CCC Intelligent Solutions reported strong first-quarter results, surpassing consensus expectations in both revenue and adjusted EBITDA. The company’s ability to drive growth through cross-selling and up-selling, along with new logo additions, supports a durable business model. Funk believes that the company is well-positioned to return to the middle of its long-term organic growth guidance, which is achievable in the medium term, thus justifying the Buy rating.
CCCS’s price has also changed moderately for the past six months – from $11.170 to $8.295, which is a -25.74% drop .