
Perficient (PRFT) Stock Forecast & Price Target
Perficient (PRFT) Analyst Ratings
Bulls say
Perficient Inc. demonstrated significant sequential revenue growth in manufacturing, increasing by 8%, and achieved double-digit year-over-year bookings growth in Q4/23 along with a robust sales pipeline, indicating strong demand for its services. Management's ability to leverage offshore and nearshore delivery models supports the expectation of organic revenue growth exceeding historical performance as industry-wide pressures alleviate. Additionally, the company's diversified service offerings and strategic positioning in key sectors such as healthcare and financial services enhance its potential for operational efficiencies and improved profitability.
Bears say
Perficient Inc is projected to experience a year-over-year revenue decline of 2.8% to 5% in Q4 2023, primarily driven by organic factors, coupled with anticipated organic revenue declines of approximately 8% in Q1 2024 and 1.5% in Q2 2024. The company reported a Q4 adjusted EBITDA of $46.7 million, falling short of analysts' forecasts, indicating weak profitability and growth concerns across its business operations. Higher benefits costs are expected to negatively impact profitability in the first half of 2024, contributing to an overall negative outlook for the company's financial performance.
This aggregate rating is based on analysts' research of Perficient and is not a guaranteed prediction by Public.com or investment advice.
Perficient (PRFT) Analyst Forecast & Price Prediction
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