SunTrust analyst Frank Atkins raised his price target on Perficient to $33 and kept his Buy rating after the management's investor meetings. The analyst says the discussions reflect the company's path toward a "more sustainable organic revenue growth supported by the current macro backdrop, a solid pipeline and continued progress in building sales". Atkins also expects improved utilization and headcount mix to generate "positive trajectory" in margins over the next two years, as the company benefits from added scale in "key service lines and verticals".

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."