Duck Creek Technologies with ticker code (DCT) now have 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 48 and 32 calculating the average target price we see 37.44. Given that the stocks previous close was at 21.92 this now indicates there is a potential upside of 70.8%. The 50 day moving average now sits at 23.15 and the 200 day moving average is 34.55. The market capitalisation for the company is $2,906m. Company Website: https://www.duckcreek.com
The potential market cap would be $4,964m based on the market concensus.
Duck Creek Technologies provides software-as-a-service core systems to the property and casualty insurance industry in the United States and internationally. The company provides Duck Creek Policy, a solution that enables insurers to develop and launch new insurance products and manage various aspects of policy administration ranging from product definition to quoting, binding, and servicing; Duck Creek Billing that provides payment and invoicing capabilities, such as billing and collections, commission processing, disbursement management, and general ledger capabilities for insurance lines and bill types; and Duck Creek Claims that supports entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting, and closure. It also offers Duck Creek Rating that allows carriers to develop new rates and models and deliver quotes in real-time based on the complex rating algorithms; Duck Creek Insights, an insurance analytics solution that allows carriers to gather and analyze data from internal and external sources and facilitate analysis and reporting on a single system; Duck Creek Digital Engagement that offer digital interactions between property and casualty insurers and their agents, brokers, and policyholders; and Duck Creek Distribution Management that automates sales channel activities for agents and brokers, including producer onboarding, compliance, and compensation management. In addition, the company provides Duck Creek Reinsurance Management that automates financial and administrative functions; and Duck Creek Industry Content that provides pre-built content, including base business rules, product designs, rating algorithms, data capture screens, and workflows for insurance lines of business, such as commercial auto, inland marine, and workers compensation. It has a partnership with Shift Technologies to implement AI fraud detection. The company was founded in 2016 and is based in Boston, Massachusetts.
