In a recent update, DA Davidson has maintained its "Buy" rating for SS&C Technologies Holdings (SSNC, Financial) while raising its price target. Analyst Peter Heckmann from DA Davidson increased the price target from $94.00 to $98.00 USD, marking a 4.26% change in the estimated value.
The decision to maintain the Buy rating reflects continued confidence in SS&C Technologies Holdings' (SSNC, Financial) market performance and growth potential. The move to raise the price target suggests positive momentum for the stock, with prospects for future gains.
SS&C Technologies Holdings (SSNC, Financial), a prominent player in the financial services software sector, continues to attract positive attention from analysts, with expectations for stock value appreciation. This update comes as part of ongoing coverage, aimed at helping investors make informed decisions regarding their portfolios.
The adjustment in the price target by DA Davidson indicates that SS&C Technologies Holdings (SSNC, Financial) has favorable potential for growth, aligning with broader market trends and the company's strategic initiatives.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for SS&C Technologies Holdings Inc (SSNC, Financial) is $93.27 with a high estimate of $105.00 and a low estimate of $75.00. The average target implies an upside of 11.89% from the current price of $83.36. More detailed estimate data can be found on the SS&C Technologies Holdings Inc (SSNC) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, SS&C Technologies Holdings Inc's (SSNC, Financial) average brokerage recommendation is currently 1.8, 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 SS&C Technologies Holdings Inc (SSNC, Financial) in one year is $72.41, suggesting a downside of 13.14% from the current price of $83.36. 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 SS&C Technologies Holdings Inc (SSNC) Summary page.
