William Blair analyst Maggie Nolan has maintained their bullish stance on TTEC stock, giving a Buy rating on November 10.
Maggie Nolan has given her Buy rating for TTEC Holdings due to a variety of factors. The meetings with TTEC’s management team, held after the third-quarter earnings, were a significant element in her decision. These meetings provided Nolan with insight into the company’s growing demand and plans for expansion. Moreover, Nolan was impressed by TTEC’s approach to acquisitions, particularly with their focus on CRM as a significant acquisition priority.
Nolan’s rating was also influenced by TTEC’s strategy towards artificial intelligence. The company’s forward-thinking approach and commitment to integrating AI into their operations demonstrated to Nolan their potential for future growth and success. Besides, the company’s expanding delivery footprint was another factor that positively influenced Nolan’s rating. This shows TTEC’s dedication to broadening their market reach and improving their service delivery, which contributes to the company’s positive outlook.
According to TipRanks, Nolan is a 3-star analyst with an average return of 4.1% and a 50.00% success rate. Nolan covers the Technology sector, focusing on stocks such as TTEC Holdings, Accenture, and CSG Systems International.
In another report released on November 10, Barrington also upgraded the stock to a Buy with a $18.00 price target.
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TTEC Holdings (TTEC) Company Description:
TTEC Holdings, Inc. is a digital global customer experience technology and services company focused on the design, implementation and delivery of transformative solutions for many of brands. The company operates through the following segments: TTEC Digital and TTEC Engage. TTEC Digital segment provides design, build and operate tech-enabled, insight-driven CX solutions. TTEC Engage segment provided digitally-enabled customer care, acquisition, and fraud prevention services. The company was founded by Kenneth D. Tuchman in 1982 and is headquartered in Englewood, CO.
Read More on TTEC:
- TTEC Holdings upgraded to Outperform from Market Perform at Barrington
- TTEC Holdings price target lowered to $30 from $50 at Canaccord
- TTEC Holdings price target lowered to $23 from $28 at BofA
- TTEC Holdings sees FY23 non-GAAP EPS $2.11-$2.27, consensus $2.55
- TTEC Holdings reports Q3 non-GAAP EPS 48c, consensus 44c
