Evercore ISI lowered the firm’s price target on CCC Intelligent Solutions (CCC) to $9 from $12 and keeps an Outperform rating on the shares. Despite what the firm calls a “strong finish to FY25 with emerging AI solutions gaining traction,” the analyst adjusted the firm’s price target to reflect broader multiple compression in the software sector.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCC:
- CCC Intelligent Solutions price target lowered to $9 from $11 at Stifel
- CCC Intelligent Solutions price target lowered to $6 from $8 at Piper Sandler
- CCC Intelligent Solutions price target lowered to $9 from $11 at Jefferies
- CCC Intelligent Solutions price target lowered to $7 from $9.50 at Goldman Sachs
- CCC Intelligent Solutions price target lowered to $8 from $11 at Barclays