Perficient Inc (NASDAQ: PRFT) stock closed at $73.26 on 5/6/24 after a major increase of 52.3%. Moreover, this advance was accompanied by exceptionally high trading volume at 1959% of normal. The stock has risen 70.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PRFT is expected to continue to be a major Value Builder.
Perficient has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Perficient has a neutral Appreciation Score of 42 and a slightly negative Power Rating of 30, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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