Oppenheimer analyst Shaul Eyal reiterated a Buy rating on Amdocs (NASDAQ:DOX) Limited on Wednesday, setting a price target of $75, which is approximately 20.10% above the present share price of $62.45.
Eyal expects Amdocs Limited to post earnings per share (EPS) of $0.90 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Amdocs, with an average price target of $71.
The analysts price targets range from a high of $75 to a low of $67.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.03 billion and a net profit of $147.53 million. The company's market cap is $8.18 billion.
According to TipRanks.com, Oppenheimer analyst Shaul Eyal is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.8% and a 70.96% success rate.
Amdocs Ltd. is a holding company, which engages in the provision of software and services solutions for communications, entertainment, and media industries. It specializes in the development, implementation, and management of software and services associate with business support systems, operational support systems, service-driven network and other network solutions, entertainment offerings, and digital solutions. The company was founded in 1988 and is headquartered in Chesterfield, MO.