TTEC Holdings Receives $11.90 Price Target from Brokerages, Boosting Confidence in Company’s Future
November 8, 2024
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TTEC ($NASDAQ:TTEC) Holdings, Inc., formerly known as TeleTech Holdings, is a global customer experience and technology services company. Headquartered in Englewood, Colorado, the company offers a wide range of customer engagement solutions, including customer acquisition, customer care, and digital transformation services. Recently, the company has received positive news as Defense World reported that multiple brokerages have set a price target of $11.90 for TTEC Holdings‘ stock. The news has boosted confidence in the company’s future prospects and has attracted the attention of investors. The company’s focus on digital transformation has positioned it well in the current business landscape where companies are increasingly relying on technology to enhance their customer experience. TTEC Holdings’ proprietary technology platform, HumanifyTM, combines artificial intelligence and machine learning to deliver personalized and seamless customer interactions.
This has resulted in increased demand for its services and has led to the company’s strong financial performance. In addition to its financial success, TTEC Holdings has also been recognized for its commitment to diversity and inclusion. The positive price target set by brokerages further reinforces the confidence in TTEC Holdings’ future growth potential. With its strong financial performance, innovative technology, and commitment to diversity and inclusion, the company is well-positioned for continued success in the customer experience industry. Investors can be assured of a promising future for TTEC Holdings as it continues to deliver exceptional customer engagement solutions to its clients.
Share Price
However, this decrease does not diminish the positive outlook for the company’s future, as evidenced by the price target set by brokerages. The increase in TTEC HOLDINGS‘ price target can be attributed to the company’s strong financial performance and continued growth in the customer experience industry. As more businesses recognize the importance of providing exceptional customer experiences, TTEC HOLDINGS is poised to benefit from this trend. In addition to its financial success, TTEC HOLDINGS has also made significant strides in expanding its global presence and enhancing its technology offerings. The company recently announced the acquisition of VoiceFoundry, a leading Amazon Web Services (AWS) consulting partner specializing in contact center solutions. This strategic move will allow TTEC HOLDINGS to further strengthen its position in the rapidly growing cloud-based contact center market.
Furthermore, TTEC HOLDINGS has also been recognized for its exceptional customer experience capabilities, receiving numerous industry awards and accolades. This further solidifies the company’s reputation as a leader in the customer experience space and instills confidence in investors and analysts alike. Overall, with a strong financial performance, expansion in global markets, and recognition for its innovative technology and superior customer experience offerings, TTEC HOLDINGS is well-positioned for future growth. The increased price target from brokerages only adds to the positive sentiment surrounding the company and reinforces its potential for long-term success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ttec Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.46k | 8.43 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ttec Holdings. More…
| Operations | Investing | Financing |
| 144.76 | -67.58 | -68.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ttec Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.19k | 1.57k | 12.62 |
Key Ratios Snapshot
Some of the financial key ratios for Ttec Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.1% | -13.6% | 4.8% |
| FCF Margin | ROE | ROA |
| 3.1% | 12.6% | 3.4% |
Analysis
After conducting a thorough analysis of TTEC HOLDINGS, I have determined that the company has a good overall well-being. This is reflected in its high health score of 8/10, which takes into account its cashflows and debt. This indicates that TTEC HOLDINGS is capable of sustaining its operations even in times of crisis. When looking at its financial metrics, TTEC HOLDINGS stands out in terms of its dividend strength. This means that the company has a track record of consistently paying out dividends to its shareholders, which is a positive sign for income-seeking investors. In terms of growth, profitability, and assets, TTEC HOLDINGS falls in the medium to weak range. This suggests that while the company may not be experiencing rapid growth or high profitability, it is still performing adequately in these areas. Based on these findings, TTEC HOLDINGS can be classified as a ‘cow’ company. This type of company is known for having a history of consistently and sustainably paying out dividends. This makes TTEC HOLDINGS an attractive option for investors looking for steady income from their investments. Overall, TTEC HOLDINGS may be of interest to investors who prioritize stable and consistent dividend payments over high growth or profitability. As such, it could be a good fit for those seeking long-term, low-risk investments in the stock market. More…
Peers
The company offers a suite of digital customer engagement technologies and services that enable clients to manage customer interactions across multiple channels. TTEC’s competitors include Nagarro SE, Banxa Holdings Inc, and I&I Group PCL.
– Nagarro SE ($OTCPK:NGRRF)
Nagarro SE is a global provider of digital transformation solutions. The company has a market cap of 1.3B as of 2022 and a ROE of 37.18%. Nagarro helps companies transform their businesses by providing end-to-end digital solutions. The company has a strong focus on delivering customer value and has a proven track record of helping companies achieve their business goals. Nagarro is a trusted partner for some of the world’s leading companies and has a global team of over 4,000 experts.
– Banxa Holdings Inc ($TSXV:BNXA)
Banxa Holdings Inc is a Canadian company that provides online payment solutions for businesses. Its services include online invoicing, credit card processing, and merchant account management. The company has a market capitalization of 49.19 million as of 2022 and a return on equity of -46.42%. Despite its negative equity, Banxa Holdings Inc is a valuable company due to its ability to provide businesses with secure and efficient payment solutions. The company’s products and services are in high demand, and its client base is growing. Banxa Holdings Inc is a company to watch in the coming years.
– I&I Group PCL ($SET:IIG)
PCL is a leading investment company in Thailand with a market cap of 4.03B as of 2022. It has a strong focus on ROE with a return of 13.91%. The company has a diversified portfolio including real estate, hospitality, and healthcare.
Summary
According to a recent report by brokerage firms, TTEC Holdings, Inc. has been given a price target of $11.90. The report also mentions that TTEC Holdings has had a strong performance in recent quarters and has shown promising growth potential, making it an attractive investment opportunity. However, there are also some potential risks to consider, such as competition and market volatility. Overall, the analysis suggests that TTEC Holdings could be a good investment option for those looking for potential growth in the customer experience management industry.
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