Analysts Lower CCC Intelligent Solutions Price Target to $7.96
Wall Street analysts trimmed their 12-month average price target for CCC Intelligent Solutions Holdings Inc. (CCC) from $8.09 to $7.96 per share. Based on the October 14 closing price, the updated price target implies approximately 4% upside.
Despite the target reduction, analyst consensus remains positive. Out of 11 analysts covering the company, seven rate the stock a Buy, three rate it a Hold, and one rates it a Sell, maintaining an overall Buy recommendation. Individual price targets range from $6.50 to $10.00 per share.
Market participants will watch for future financial results to see if the stock moves closer to the upper analyst target. Shares of CCC Intelligent Solutions Holdings Inc. were last priced at $7.62, down 0.26% on the day.
Key points
- Analysts reduced the 12-month average price target for CCC Intelligent Solutions Holdings Inc. from $8.09 to $7.96.
- The revised price target suggests approximately 4% upside relative to the October 14 close.
- The consensus recommendation stays at Buy across 11 covering analysts.
- Individual price targets span from $6.50 on the low end to $10.00 on the high end.
- Shares recently traded at $7.62, representing a 0.26% daily decline.
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What is the new price target for CCC Intelligent Solutions stock?
The average 12-month price target for CCC Intelligent Solutions Holdings Inc. was reduced from $8.09 to $7.96 per share, indicating about 4% potential upside from its October 14 close.
What is the analyst rating for CCC Intelligent Solutions?
The consensus rating remains Buy. Among 11 analysts, seven recommend Buy, three hold a neutral stance, and one recommends Sell.
What is the price target range for CCC Intelligent Solutions?
Price targets among covering analysts range from a low of $6.50 per share to a high of $10.00 per share.