Hackett Group price target raised to $36 from $30 at Roth MKM

Roth MKM raised the firm’s price target on Hackett Group (HCKT) to $36 from $30 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm is positive on the stock on the anticipation that client budgets will translate to AI implementation projects and software license deals as 2025 progresses, the analyst tells investors in a research note. Hackett is positioning itself as an AI consultancy with its AI XPLR platform, and the acquisition of LeewayHertz in September adds AI implementation capabilities that have already been expanded upon, the firm adds.