Blucora (BCOR) Receives a Buy from Barrington

Barrington analyst Alexander Paris maintained a Buy rating on Blucora (BCORResearch Report) today and set a price target of $36.00. The company’s shares closed last Monday at $23.43.

According to TipRanks.com, Paris is a 1-star analyst with an average return of -0.2% and a 48.0% success rate. Paris covers the Services sector, focusing on stocks such as American Public Education, Adtalem Global Education, and Franklin Covey Company.

Blucora has an analyst consensus of Strong Buy, with a price target consensus of $32.75, a 36.8% upside from current levels. In a report issued on January 8, Benchmark Co. also maintained a Buy rating on the stock with a $37.00 price target.

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Based on Blucora’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $62.39 million. In comparison, last year the company had a GAAP net loss of $18.42 million.

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Blucora, Inc. engages in the provision of technology-enabled financial solutions to consumers, small businesses, and tax professionals. It operates through the Wealth Management and Tax Preparation segments.