SunTrust analyst Frank Atkins raised his price target on Perficient to $26, citing the company's "strong revenue growth and bookings" heading into FY18. Atkins says the company's Q4 earnings suggest improvement in its organic growth trajectory while also offering a positive outlook for its sales pipeline. The analyst keeps his Buy rating on Perficient, stating that its execution is reflected by its growth of relationships with existing clients and better win trends in its key areas.

Alliance Global Partners analyst Brian Kinstlinger upgraded Perficient to Buy from Neutral with a $67 price target. Many of the systems integrators' management teams, including Perficient, reported in February that demand was showing signs of improvement, the analyst tells investors in a research note. The firm says Perficient is now trading toward the low-end of its historical valuation range based on adjusted earnings. Given its "generally high visibility" to revenue, Alliance believes the stock's risk/reward profile is very favorable, "even if there are marginal shortfalls to consensus in the next few quarters."