Roth MKM raised the firm’s price target on Hackett Group (HCKT) to $30 from $29 and keeps a Buy rating on the shares after its Q3 earnings beat and above-consensus guidance. The company is positioning itself as an AI consultancy with its AI XPLR platform, while its acquisition of LeewayHertz in September adds AI implementation capabilities that should convert ideation meetings into implementation projects in Q4 and and accelerate throughout 2025, the analyst tells investors in a research note.
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Read More on HCKT:
- The Hackett Group Reports Strong Q3 2024 Results
- Hackett Group reports Q3 adjusted EPS 43c, consensus 40c
- Hackett Group sees Q4 adjusted EPS 41c-43c, consensus 39c
- HCKT Earnings this Week: How Will it Perform?
- The Hackett Group Incentivizes Executives with AI-Focused Stock Awards
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