Analyst Josh Baer from Morgan Stanley reiterated a Buy rating on CCC Intelligent Solutions Holdings (CCCS – Research Report) and keeping the price target at $15.00.
Josh Baer has given his Buy rating due to a combination of factors that highlight CCC Intelligent Solutions Holdings’ strong financial performance and growth potential. The company’s recent quarterly results showed a revenue growth of 7.8% and an EBITDA margin of 43.1%, both surpassing consensus expectations. This consistent performance, along with the company’s adherence to the ‘Rule of 50,’ underscores its robust operational efficiency and growth trajectory.
Furthermore, the acquisition of Evolution IQ is expected to significantly boost CCC’s growth in the coming fiscal years, enhancing both organic and inorganic growth prospects. The management’s cautious yet optimistic guidance for FY25, coupled with the anticipated positive estimate revisions, reinforces the stock’s attractiveness. The ongoing contributions from Emerging Solutions and the potential for transformational contracts further solidify the company’s long-term growth outlook, making it a compelling investment opportunity.
Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is neutral on the stock.