Barclays has revised its price target for CCC Intelligent Solutions (CCCS, Financial), lowering it to $11 from $13. Despite this adjustment, the firm maintains an Equal Weight rating on the shares. This change is part of Barclays' broader first-quarter outlook for several companies involved in the security, design, and vertical software-as-a-service sectors.
The adjustment reflects a cautious approach as the firm anticipates the performance of 16 companies that align with its analytical criteria for this quarter's earnings season. CCC Intelligent Solutions, known for its role in software solutions, remains an equal weight investment according to Barclays, indicating a neutral stance relative to market performance expectations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for CCC Intelligent Solutions Holdings Inc (CCCS, Financial) is $13.00 with a high estimate of $15.00 and a low estimate of $11.00. The average target implies an upside of 44.61% from the current price of $8.99. More detailed estimate data can be found on the CCC Intelligent Solutions Holdings Inc (CCCS) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, CCC Intelligent Solutions Holdings Inc's (CCCS, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CCC Intelligent Solutions Holdings Inc (CCCS, Financial) in one year is $13.28, suggesting a upside of 47.72% from the current price of $8.99. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CCC Intelligent Solutions Holdings Inc (CCCS) Summary page.
