Jefferies analyst Surinder Thind started Perficient with a Buy rating and $30 price target. The analyst expects the company to perform better on all key metrics in 2019, which he believes will drive multiple expansion. Perficient is well positioned to see its organic revenue growth accelerate to the mid single digits, says Thind.

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."