Amdocs Limited (DOX) Receives Price Target

Amdocs Limited (DOX) : 6 investment research analysts covering Amdocs Limited (DOX) have an average price target of $61.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $65 and the lowest target is $58 for the short term. Analysts expect the variance to be within $2.93 of the average price.

Amdocs Limited (DOX) : 3 brokerage houses believe that Amdocs Limited (DOX) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Amdocs Limited (DOX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.14.


Also, Major Brokerage house, Jefferies maintains its ratings on Amdocs Limited (NASDAQ:DOX). In the latest research report, Jefferies raises the target price from $56 per share to $58 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 1, 2016.

Amdocs Limited (NASDAQ:DOX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.14 and $60.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.74, notching a gain of 1.03% for the day. The total traded volume was 807,613 . The stock had closed at $60.12 on the previous day.

Amdocs Limited (Amdocs) is a provider of software and services for communications, media and entertainment industry. The Company designs, develops, markets, supports, implements and operates customer experience systems for wireless, wireline, cable and satellite service providers across the world. Amdocs also offers a range of advertising and media solutions for local marketing service providers, and search and directory publishers. Its customers are in North America, Europe, Latin America and the Asia-Pacific region. The Companys software portfolio of customer experience enabling products spans the Revenue Management, Customer Management, Operational Support Systems (OSS), Network Control, Network Optimization, Mobile Financial Services and Digital Lifestyle Services. It offers a suite of services to advise, transform, support and optimize business and technology processes. In addition, the Company offers learning services to develop competency in Amdocs systems and applications.

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