Barrington analyst Vincent Colicchio has maintained their bullish stance on HCKT stock, giving a Buy rating today.
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Vincent Colicchio has given his Buy rating due to a combination of factors including Hackett Group’s strong financial performance and promising growth prospects. The company reported a Q1/25 total net revenue of $76.2 million, which surpassed both the firm’s forecast and the FactSet consensus by 1%. This growth was primarily driven by the Global Strategy and Business Transformation segment, which saw a 6% year-over-year increase, largely due to the expansion in generative artificial intelligence revenue.
Additionally, Hackett’s non-GAAP EPS for Q1/25 was $0.41, exceeding expectations. The company’s momentum in generative AI, highlighted by the introduction of XPLR version 3, further supports its growth trajectory. Despite reducing the EPS forecasts for 2025 and 2026, Colicchio maintains an OUTPERFORM rating on HCKT shares, with a 12-month price target of $32, reflecting a 23% upside potential.
Colicchio covers the Technology sector, focusing on stocks such as Asure, Exlservice Holdings, and Insight Enterprises. According to TipRanks, Colicchio has an average return of 10.3% and a 55.97% success rate on recommended stocks.
In another report released today, Craig-Hallum also maintained a Buy rating on the stock with a $35.00 price target.