Redburn Atlantic analyst Harry Read initiated coverage of Insight Enterprises (NSIT) with a Buy rating and $220 price target The company has pivoted towards services and integration revenues via acquisitions, which s the correct strategy to capture additional share of the customer wallet and larger mandates, the analyst tells investors in a research note. Given a reset in expectations on customer delayed spending, Redburn believes that the higher services portion positions Insight well to return to high-single-digit organic gross profit growth in the medium and longer term.
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Read More on NSIT:
- Insight Enterprises price target lowered to $205 from $225 at Barrington
- Mixed Results for Insight Enterprises in Q3 2024
- Insight Enterprises price target lowered to $190 from $200 at Stifel
- Insight Enterprises reports Q3 EPS $2.19, consensus $2.37
- Insight Enterprises sees FY24 EPS $9.40 -$9.70 , consensus $10.68
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
