CCC: Piper Sandler Projects Strong Insurtech Growth Driven by AI Efficiencies and Favorable Claims Environment

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) is one of the best low priced technology stocks to buy according to analysts. On December 19, Piper Sandler lowered the firm’s price target on CCC Intelligent Solutions to $8 from $9.50, while keeping a Neutral rating on the shares. The firm’s projections for most insurtech companies exceed the market consensus. This optimism comes from a favorable claims environment and the measurable impact of AI and automation on operational efficiency within this group.

In Q3 2025, the company reported a total revenue of $267.1 million, which was a 12% increase from the $238.5 million earned during the same period in 2024. This growth came from the momentum in renewals, relationship expansions, and new business wins as clients increasingly adopt AI-enabled workflows to manage operational complexity. CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) also earned $0.09 per share in the quarter.

CCC: Piper Sandler Projects Strong Insurtech Growth Driven by AI Efficiencies and Favorable Claims Environment

Despite the revenue growth, the company’s GAAP gross profit was $193.0 million with a 72% margin, down from the 77% margin seen in the previous year. CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) strengthened its cash position by generating $94.8 million from operating activities, leading to a free cash flow of $78.6 million, which was a significant increase from the $49.4 million generated in Q3 2024.

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) operates as a SaaS company for the property and casualty insurance economy in the US and China.

While we acknowledge the potential of CCC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CCC and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.