Needham analyst Mayank Tandon maintained a Buy rating on Virtusa (NASDAQ:VRTU) Corp. on Monday, setting a price target of $46, which is approximately 11.87% above the present share price of $41.12.
Tandon expects Virtusa Corp . to post earnings per share (EPS) of $0.71 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Virtusa, with an average price target of $47.5.
The analysts price targets range from a high of $51 to a low of $45.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $329.65 million and a net profit of $17.14 million. The company's market cap is $1.24 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 21.3% and a 68.39% success rate.
Virtusa Corp. engages in the provision of information technology consulting, technology implementation, and application outsourcing services. Its services includes business process management, application services, infrastructure management, enterprise information management, independent validation services, platforming, mobility, enterprise resource planning, business consulting, customer experience management, and cloud. The company was founded by Krishan A. Canekeratne, Tushara Canekeratne and John Gillis in November 1996 and is headquartered in Westborough, MA.