Analyst Vincent Colicchio from Barrington maintained a Buy rating on The Hackett Group and keeping the price target at $27.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Vincent Colicchio’s rating is based on several strategic developments and market opportunities for The Hackett Group. The company operates in two significant sectors: performance improvement consulting/services and enterprise software services, both of which offer substantial market potential. The anticipated growth in Global Strategy and Business Transformation revenue, driven by enhanced contributions from generative AI consulting, is expected to improve from a decline in 2024 to positive growth in 2025.
Moreover, the acquisition of LeewayHertz has bolstered Hackett’s capabilities in generative AI, providing a comprehensive consulting service from idea generation to implementation. This acquisition, along with the creation of a joint venture and the upcoming release of XPLR version 4, positions Hackett favorably in the AI space. Additionally, partnerships with industry leaders like Celonis are expected to enhance their service offerings. These factors, combined with a solid pipeline for Oracle and SAP solutions, support the expectation of accelerated revenue and earnings growth in the future, justifying the Buy rating with a price target of $27.
According to TipRanks, Colicchio is a 5-star analyst with an average return of 10.5% and a 56.36% success rate. Colicchio covers the Technology sector, focusing on stocks such as The Hackett Group, Asure, and Information Services Group.