Perficient: An Opportunity For Long-Term Technology Industry Bulls

Feb. 17, 2023 7:49 AM ETPerficient, Inc. (PRFT) StockPRFT1 Comment
Sakshi Patni
24 Followers

Summary

  • Perficient Inc is an IT consulting and digital transformation services company that provides technology solutions.
  • The company's revenue is up 18%, with a 33% increase in EPS growth.
  • I rate PRFT stock a hold for now, as the company's performance has remained solid despite economic turmoil.

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Investment Thesis:

Perficient Inc. (PRFT) has been performing very well post Covid-19. The company has been capitalizing on the digital transformation opportunity, which will be accelerated at a CAGR of 16.5% with an expected investment of $6.3 trillion (about $19,000

This article was written by

24 Followers
Sakshi Patni joined Sungarden Investment Publishing as an Investment Research Intern in January 2023. She completed her undergraduate in 2019 and worked as a Research Associate for 2 years at Morningstar focusing on US Private Equity Markets. Afterward, she started her Master’s in Finance degree with Stevens Institute of Technology in Fall 2021 and has a cumulative GPA of 3.96. Having cleared CFA Level 1 and with a keen interest in the field of Impact Investing, Venture Capital and Corporate Finance, she wants to want to make an impact in this world with her knowledge of Finance and leveraging today's technology.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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