William Blair analyst Maggie Nolan has maintained their bullish stance on TTEC stock, giving a Buy rating today.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Maggie Nolan’s rating is based on TTEC Holdings’ strong second-quarter performance, which exceeded expectations in both revenue and earnings. The company has demonstrated robust growth in its embedded base, particularly within the engage segment, which, despite a slight year-over-year decline, performed better than anticipated due to AI-driven solutions enhancing client retention and expansion.
Additionally, TTEC’s strategic cost optimization efforts have resulted in improved operating margins across its digital and engage segments. The company’s raised revenue guidance reflects favorable market conditions and a promising outlook for future growth, especially as TTEC continues to expand its client base and capitalize on seasonal healthcare volumes. These factors collectively support the Buy rating, highlighting TTEC’s strong market positioning and growth potential.
According to TipRanks, Nolan is an analyst with an average return of -5.8% and a 32.99% success rate. Nolan covers the Technology sector, focusing on stocks such as TELUS International (CDA), Ingram Micro Holding Corporation, and Eplus.