Piper Sandler lowered the firm’s price target on CCC Intelligent Solutions (CCCS) to $9.50 from $10 and keeps a Neutral rating on the shares. The firm notes adjusted EBITDA came in at $110.1M, which was well above its $101.4M estimate, yet shares traded down. Piper suspects that the stock reaction to the better adjusted EBITDA is the result of the update to guidance from both a revenue and adjusted EBITDA perspective where both moved towards the higher end of the range despite the better result in Q3.
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Read More on CCCS:
- CCC Intelligent Solutions Reports Strong Q3 2025 Results
- CCC Intelligent Solutions price target lowered to $11 from $12 at Jefferies
- Strong Buy Rating for CCC Intelligent Solutions Holdings: Robust Growth and Promising Future Prospects
- CCC Intelligent Solutions reports Q3 adjusted EPS 9c, consensus 10c
- CCC Intelligent Solutions sees Q4 revenue $272M-$277M, consensus $274.87M