RBC Boosts JKHY Price Target to $178.00, Eyes 7.21% Upside
Royal Bank of Canada (RBC) has boosted its price target for Jack Henry & Associates (JKHY) to $178.00, representing a potential upside of 7.21% from the stock's previous close.
The firm presently maintains an 'outperform' rating on JKHY's technology company stock. This decision is part of several analyst revisions and updates in recent weeks. Morgan Stanley set a $170.00 target price on shares, while Stephens reiterated an 'overweight' rating with a $200.00 price objective.
JKHY reported quarterly earnings results that exceeded expectations, posting $1.57 EPS versus the $1.44 analyst consensus. Revenue reached $633.10 million, slightly above the estimated $631.60 million. The company's revenue increased approximately 4.6% year over year, supported by processing, cloud hosting, and faster-payment growth.
JKHY has set its FY 2027 guidance at $7.330-7.380 EPS, surpassing analysts' estimates of $7.10. Revenue guidance of roughly $2.7 billion was generally in line with expectations, making the earnings outlook the primary guidance-related catalyst.