CCC Intelligent Solutions (CCC) Draws Mixed Analyst Opinions

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) is one of the Best Tech Stocks Under $10 to Buy, with two new analysts weighing in on the stock this month. On January 6, Truist analyst Arvind Ramnani gave a new “Buy” rating (initiation) on CCC Intelligent Solutions, with a $10 price target, citing the company’s capability to expand margins and sustain revenue growth through its “defensible data moat and a highly sticky client base.” The analyst also sees a near- to medium-term opportunity related to the company’s stock, adding that “mismatched” expectations led to volatility in the share price.

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The following week, on January 13, Goldman Sachs assumed coverage of CCC Intelligent Solutions Holdings Inc., assigning a Neutral rating and a $9.50 target price. The analyst noted that the business will likely see challenges in its core growth due to a maturing business model, while also acknowledging the company’s $1B in revenue and roughly 40% margins, fueled by its deep penetration in auto insurance and claims.

CCC Intelligent Solutions Holdings Inc. serves property and casualty (“P&C”) insurance companies with cloud, mobile, telematics, hyperscale technologies, and applications, including a cloud-based software as a service platform for digitized workflows.

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This article is originally published at Insider Monkey.