Perficient (PRFT) has had a great year thus far. The growth bets in 2020 are yielding the right results. The market is catching up to the future potential driven by the digital transformation trend. This setup should extend the bullish run in
Perficient: Off To A Great Start
Summary
- Perficient has had a solid run year to date.
- The market opportunity in the digital consulting space is expanding.
- Perficient is making moves to capture market share beyond the US market.
- While at it, Perficient is also able to grow earnings.
- Despite the recent run, valuation remains attractive given the ample market opportunity ahead.
Kayode's strategy aligns only with businesses that have competitive moats, solid financials, good management, and minimal exposure to macro headwinds.-------------------------------------Coverage tilted towards tech stocks (IoT, Cybersecurity, Cloud, DevOps, Data management)
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