PRFT - Possibility of an upward move

[traderthoughts.com]

The fundamentals of Perficient has been gradually improving. On January 9 BMO, prior to market opening, PRFT improved its revenue guidance for Q4 and cited "a reacceleration of organic growth" for a record Q4. The improvement is in line with the comments made by the management during the earings call. With this, there is a possibility of PRFT break the upper boundary of the declining channel it is trading in. On such a breakout, the stock can reach $19 levels. For a free stock research report on PRFT, visit stocks2pick.com

[Fredledingue]

I don't now. While the botom is definetly behind after such a news, I'm not sure about it rising to $19 with the bad mood in the market right now.
Even stocks with excellent prospect have been declining.
IMO you'll pick it for $15 if you wait a little bit. Then it can be a good bet.
If you have been buying already, don't worry, but the staedy climb to $20 is just for a little bit later.

Also the P/E is already around 35...

[traderthoughts.com]

There is short-term declining channel in PRFT. A break of the upper boundary will trigger an upward move to $19. However, as you said, the bad mood in the broad market will act as a dampener. A slighly positive sentiment in broad market will certainly help PRFT.

[mbfloyd]

Does it matter that they scored a 6.9 for their investor relations?

[Fredledingue]

I don't think so.