CCC Intelligent Solutions Holdings (NYSE: CCCS) received an upgrade from Evercore ISI Group on May 23, 2023. The group upgraded the outlook for CCCS from “In-Line” to “Outperform”.
Furthermore, the average one-year price target for CCCS is $11.79, with a range of $10.10 to $14.70. The average price target suggests a potential increase of 18.82% from its current closing price of $9.92.
CCC Intelligent Solutions Holdings is projected to have annual revenue of $864 million, an increase of 7.96%, and have a non-GAAP EPS of $0.31.
There are currently 323 funds or institutions reporting positions in CCCS, an increase of 17 owners or 5.56% in the last quarter. The put/call ratio is 0.11, indicating a bullish outlook.
Major shareholders of CCCS include Advent International, Oak Hill Capital Management, Technology Crossover Management IX, and T. Rowe Price Investment Management/RPMGX.
CCC Intelligent Solutions Holdings is a software as a service platform for the property and casualty insurance industry. It is trusted for its expertise in artificial intelligence, IoT, customer experience, network and workflow management, and delivers innovative technology to digitize workflows, commerce, and customer experiences.
Fintel provides key filings and news about CCC Intelligent Solutions Holdings.
This article was originally published on Fintel.
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