CCC Intelligent Solutions Holdings, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Gary Prestopino from Barrington maintained a Buy rating on the stock and has a $14.00 price target.
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Gary Prestopino has given his Buy rating due to a combination of factors that highlight CCC Intelligent Solutions Holdings’ strong financial performance and strategic growth initiatives. The company reported impressive Q2/25 results, with revenue and adjusted EBITDA surpassing expectations despite challenges from a decline in claims volume. This performance underscores the robustness of CCC’s business model, which managed to achieve significant revenue growth through cross-selling, upselling, and strategic acquisitions.
Furthermore, CCC’s ability to retain and expand its customer base is evident through its high software net dollar retention and gross dollar retention rates, which indicate stable and growing revenue streams. The company’s innovative solutions, such as AI-enabled platforms and the integration of EvolutionIQ’s Medhub, have gained traction among major insurers, contributing to its growth prospects. With maintained guidance for 2025 and a confident outlook on achieving long-term growth targets, Prestopino supports an OUTPERFORM rating with a target price of $14.