CCC Intelligent Solutions assumed with a Neutral at Goldman Sachs

Goldman Sachs assumed coverage of CCC Intelligent Solutions (CCC) with a Neutral rating and $9.50 price target CCC Intelligent Solutions has achieved deep penetration in auto insurance and claims, driving more than $1B in revenue and roughly 40% margins, but core growth is becoming harder as the business matures, the analyst tells investors in a research note. Despite a depressed valuation, slower-than-expected AI adoption and casualty opportunities already reflected in consensus limit near-term upside, Goldman says.