CCC Intelligent Solutions (CCC) Draws Mixed Analyst Opinions

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) is one of the Best Tech Stocks Under $10 to Buy, with two new analysts weighing in on the stock this month. On January 6, Truist analyst Arvind Ramnani gave a new “Buy” rating (initiation) on CCC Intelligent Solutions, with a $10 price target, citing the company’s capability to expand margins and sustain revenue growth through its “defensible data moat and a highly sticky client base.” The analyst also sees a near- to medium-term opportunity related to the company’s stock, adding that “mismatched” expectations led to volatility in the share price.

The following week, on January 13, Goldman Sachs assumed coverage of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC), assigning a Neutral rating and a $9.50 target price. The analyst noted that the business will likely see challenges in its core growth due to a maturing business model, while also acknowledging the company’s $1B in revenue and roughly 40% margins, fueled by its deep penetration in auto insurance and claims.

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) serves property and casualty (“P&C”) insurance companies with cloud, mobile, telematics, hyperscale technologies, and applications, including a cloud-based software as a service platform for digitized workflows.

While we acknowledge the potential of CCC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 14 Best Tech Stocks Under $10 to Buy and Goldman Sachs Semiconductor Stocks: Top 12 Picks.

Disclosure: None. This article is originally published at Insider Monkey.