Hackett Group price target lowered to $17 from $24 at Roth Capital

Roth Capital lowered the firm’s price target on Hackett Group (HCKT) to $17 from $24 but keeps a Buy rating on the shares after its Q1 earnings miss and below-consensus guide. The company’s efforts to pivot to an AI consultancy have the potential to significantly improve the margin profile of the business, while the management outlined sequential improvements in profitability with return-to-profit growth in Q3 that could serve as a catalyst for shares, the analyst tells investors in a research note.