In a report released today, Gary Prestopino from Barrington maintained a Buy rating on CCC Intelligent Solutions Holdings (CCCS – Research Report), with a price target of $14.00.
Gary Prestopino 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 reported better-than-expected results for Q1/25, with revenue and adjusted EBITDA surpassing both internal and consensus estimates. This performance was bolstered by strategic partnerships and product innovations, including a multi-year renewal with Caliber Collision and plans to launch a new AI-driven product, Medhub, in Q3/25.
Furthermore, CCC Intelligent Solutions demonstrated resilience in its business model by achieving solid revenue growth despite a decline in claims volume. The company’s ability to drive revenue through cross-selling, upselling, and new customer acquisitions, along with contributions from the EvolutionIQ acquisition, underscores its robust growth strategy. Additionally, the company’s software retention rates, as indicated by its Software NDR and GDR metrics, reflect a stable and growing revenue base, further justifying the Buy rating.
According to TipRanks, Prestopino is a 5-star analyst with an average return of 14.3% and a 53.27% success rate. Prestopino covers the Consumer Cyclical sector, focusing on stocks such as Dorman Products, LKQ, and Commercial Vehicle Group.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $12.00 price target.