Analyst Gary Prestopino from Barrington maintained a Buy rating on CCC Intelligent Solutions Holdings (CCCS – Research Report) and keeping the price target at $14.00.
Gary Prestopino has given his Buy rating due to a combination of factors that highlight CCC Intelligent Solutions Holdings’ strong performance and strategic growth initiatives. The company reported impressive Q4/24 results, surpassing expectations with revenue of $246.5 million and an adjusted EBITDA of $106.3 million, driven by successful cross-selling and upselling strategies, as well as the adoption of emerging solutions.
Additionally, CCC’s acquisition of EvolutionIQ enhances its market reach and strengthens its AI-powered SaaS platform, positioning the company well in strategic areas like disability and workers’ compensation. The expansion of CCC’s network, renewal of significant client contracts, and the increasing adoption of its intelligent solutions further support the company’s robust growth outlook, justifying the Buy rating.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $15.00 price target.