It's time to consider scooping up shares of a little-known software play, according to Morgan Stanley. Analyst Josh Baer upgraded shares of CCC Intelligent Solutions to overweight from an equal weight rating, saying that Wall Street is "underpricing value" of the company's portfolio of artificial intelligence products. CCC is a "software as a service" provider specializing in the property-casualty insurance sector and working with insurers and collision repairers.
mountain Shares this year "CCCS is a market share leader, positioned to capture value digitizing and automating the Insurance industry," Baer wrote. "Established solutions, ramping emerging solutions and AI help to sustain high-single-digit growth." Shares of the company are up about 4% this year, rising more than 3% Wednesday morning. The firm lifted its price target to $15 from $14, reflecting 30% upside from Tuesday's close.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »