Jack Henry & Associates Inc. (NASDAQ: JKHY ) is one of them Stock up on the best IT services to shop now..
On February 5, TheFly reported that Morgan Stanley analyst James Fawcett raised his Jack Henry & Associates, Inc. (NASDAQ: JKHY ) price target to $183 from $168, maintaining an equal weight rating on the stock.
The company cited rising demand trends and favorable competitive commentary, which will lead to higher core earnings, as Faucette raised its year-over-year forecast to 6.5% in FY2027 and 7% in FY2028. Although the rating remains equal weight, Faucette expects room for further upside as fundamentals stabilize and the growth outlook improves.
Out of 17 analysts covering JKHY, 11 rate the stock as a buy, while 5 have a hold rating.
In another analyst update on February 17, Wells Fargo upgraded Jack Henry & Associates from equal weight to overweight, raising the price target to $196 from $181. TheFly noted that the company sees increasing confidence in JKHY’s 2027 revenue growth. Wells Fargo has added the company to its ‘Fab 5’ list of top fintech stock picks.
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Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a financial technology company that connects people and financial institutions through technology solutions and payment processing services.
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