Several analysts have recently updated their ratings and price targets for Luxoft (NYSE: LXFT):

  • 12/5/2017 – Luxoft was upgraded by analysts at KeyCorp to an “overweight” rating.
  • 12/5/2017 – Luxoft is now covered by analysts at Pivotal Research. They set a “buy” rating and a $70.00 price target on the stock.
  • 11/23/2017 – Luxoft was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $59.00 price target on the stock. According to Zacks, “Luxoft Holding, Inc. offers software development services and information technology solutions. Its software development services consist of software development and support, product engineering and testing and technology consulting. The Company focuses on six industry verticals: financial services, travel and aviation, technology, telecom, automotive and transport and energy. It operates primarily in Western Europe and North America. Luxoft Holding, Inc. is based in Tortola, Virgin Islands. “
  • 11/20/2017 – Luxoft had its price target raised by analysts at UBS AG from $51.00 to $55.00. They now have a “neutral” rating on the stock.
  • 11/17/2017 – Luxoft had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $47.00 price target on the stock. They wrote, “2QFY18 revenues in line with consensus. Revenue for 2QFY18 was $228.0 mn, up 9.0% q/q and 16.1% y/y, vs. our estimate of $226.9 mn and the $227.9 mn FactSet consensus. The adjusted operating profit of $32.2 mn (14.1% adjusted operating margin) was up 2% y/y and was well above our estimate of $28.5 mn. Non-GAAP EPS was $0.82 vs. our estimate of $0.70 and the consensus of $0.77. Our Performance Table is on pg. 2.””
  • 11/15/2017 – Luxoft was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Luxoft Holding, Inc. offers software development services and information technology solutions. Its software development services consist of software development and support, product engineering and testing and technology consulting. The Company focuses on six industry verticals: financial services, travel and aviation, technology, telecom, automotive and transport and energy. It operates primarily in Western Europe and North America. Luxoft Holding, Inc. is based in Tortola, Virgin Islands. “
  • 11/3/2017 – Luxoft had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/27/2017 – Luxoft was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/18/2017 – Luxoft was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/12/2017 – Luxoft had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $63.00 price target on the stock.

Luxoft Holding, Inc. (LXFT) traded down $0.60 during midday trading on Tuesday, reaching $50.55. The company had a trading volume of 143,100 shares, compared to its average volume of 212,285. The firm has a market capitalization of $1,723.60, a P/E ratio of 24.47 and a beta of 1.48. Luxoft Holding, Inc. has a 1-year low of $40.15 and a 1-year high of $67.85.

Luxoft Holding, Inc, is a provider of software development services and information technology (IT) solutions to a global client base consisting primarily of large multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.

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