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According to BGB Securities, Perficient
PRFT Buy rating is reiterated.
BGB Securities reported that it is also raising the price target to $15 from $14 after the company announced the acquisition of Exervio, which is expected to be immediately accretive to earnings. “Acquisitions remain a key part of our thesis on the company and we believe are a major catalyst for share price appreciation.”
Perficient closed on Friday at $12.19.
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Posted In: Analyst ColorAnalyst RatingsBGB SecuritiesInformation TechnologyInternet Software & ServicesPerficient Inc
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