BGB Securities Reiterate Buy Rating And Raise Price Target on Perficient

According to BGB Securities, Perficient

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.