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VRTU

Virtusa

$32.68

-0.61 (-1.83%)

08:25
08/15/19
08/15
08:25
08/15/19
08:25

Virtusa selloff brings attractive buying opportunity, says Barrington

Barrington analyst Vincent Colicchio views the recent selloff in shares of Virtusa as an attractive buying opportunity. The stock has declined 25% since the company released its fiscal Q1 earnings report, which included disappointing financial guidance, Colicchio tells investors in a research note. While Virtusa has reduced expectations for two consecutive quarters and it should take some time to regain investor confidence, the company has recovered from similar setbacks in the past and the current valuation "appears compelling," contends the analyst. He keeps an Outperform rating on the shares with a $60 price target.

  • 12

    Sep

VRTU Virtusa
$32.68

-0.61 (-1.83%)

05/16/19
CANT
05/16/19
NO CHANGE
Target $56
CANT
Overweight
Virtusa price target lowered to $56 from $62 at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi lowered his price target for Virtusa to $56 from $62 saying the company missed fiscal Q4 expectations and issued fiscal 2020 guidance below estimates due to a slowdown at a large banking client. However, the analyst sees reason for optimism as the company's growth rates have improved along with margins. As such, he maintains an Overweight rating on Virtusa.
05/16/19
WEDB
05/16/19
NO CHANGE
Target $60
WEDB
Outperform
Virtusa price target lowered to $60 from $70 at Wedbush
Wedbush analyst Moshe Katri lowered his price target for Virtusa to $60 from $70 after the company posts uncharacteristic Q4/2019 miss on both revenues and CEPS. While this miss "isn't ideal," a combination of a "strong" pipeline, with improving visibility should result in improved financial performance, helping regain investor confidence, he contends. The analyst reiterates an Outperform rating on the shares.
05/16/19
NEED
05/16/19
NO CHANGE
Target $60
NEED
Strong Buy
Virtusa price target lowered to $60 from $68 at Needham
Needham analyst Mayank Tandon lowered his price target on Virtusa to $60 after its "soft" Q4 results driven by "weakness" at one of its large banking clients. The analyst also attributes the below-consensus Q1 guidance to budget reductions by that client, even though the management anticipates growth to accelerate this year given the company's expanding backlog and pipeline. Tandon maintains his Strong Buy rating on Virtusa and sees the "significant" afterhours decline in its stock price as overdone.
08/14/19
COWN
08/14/19
NO CHANGE
Target $45
COWN
Outperform
Virtusa selloff overdone as share trade at depressed levels, says Cowen
Cowen analyst Bryan Bergin said Virtusa shares are trading at depressed levels and its selloff following earnings is overdone. The analyst said consecutive quarters of client concentration issues have warranted the pressure but execution will remain critical in the near-term to restore investor confidence in credibility and client strategy. Bergin maintained his Outperform rating and lowered his price target to $45 from $55 to reflect a conservative haircut to its multiple.

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NTLA

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NVLN

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ONCS

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SPX

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$0.00

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ATIS

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CVEO

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