The Hackett Group (HCKT) PT Raised to $29 at Roth/MKM

Roth/MKM analyst Jeff Martin raised the price target on The Hackett Group (NASDAQ: HCKT) to $29.00 (from $26.50) while maintaining a Buy rating.

The analyst comments "HCKT's pivot toward AI consulting represents a significant opportunity to leverage best practices intellectual property and become a trusted advisor to large organizations in their AI ideation and opportunity assessment efforts. With the higher interest rate/uncertain economic environment affecting business transformation decisions, we see an opportunity for HCKT to capitalize on the dramatic shift in focus among organizations to AI consulting. We raise our PT to $29 from $26.50, shifting our valuation focus to 2025 AEBITDA and updated net debt given recent principal payments."

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