Needham analyst Mayank Tandon reiterated a Buy rating on Aci Worldwide on Thursday, setting a price target of $30, which is approximately 20.43% above the present share price of $24.91.
Tandon expects Aci Worldwide to post earnings per share (EPS) of $0.12 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in ACI Worldwide (NASDAQ:ACIW), with an average price target of $36.4.
The analysts price targets range from a high of $42 to a low of $30.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $299.91 million and a net profit of $29.14 million. The company's market cap is $2.9 billion.
According to TipRanks.com, Needham analyst Mayank Tandon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.2% and a 62.60% success rate.
ACI Worldwide, Inc. engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand.. The ACI on Premise segment serves customers who manage their software on site. The ACI on Demand segment covers the needs of banks, financial intermediaries, merchants, and corporates who use payments to facilitate their core business. The company was founded in 1975 and is headquartered in Naples, FL.