Amdocs Limited’s Stock Is Buy After Forming Bullish Double Top

Share with your friends


The chart of Amdocs Limited (DOX) shows a double top with $84.39 target or 54.00% above today’s $54.80 share price. The 6 months chart pattern indicates low risk for the $8.55 billion company. It was reported on Dec, 12 by If the $84.39 price target is reached, the company will be worth $4.62B more. Double tops are rare but powerful chart patterns. The stock is up 0.16% or $0.09 after the news, hitting $54.8 per share. About 495,178 shares traded hands. Amdocs Limited (NASDAQ:DOX) has risen 3.30% since May 8, 2015 and is uptrending. It has outperformed by 6.32% the S&P500.

Out of 9 analysts covering Amdocs (NASDAQ:DOX), 5 rate it “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. $66 is the highest target while $54 is the lowest. The $61.83 average target is 18.61% above today’s ($54.8) stock price. Amdocs was the topic in 4 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Barclays Capital downgraded the stock on November 12 to “Equal Weight” rating.

According to Zacks Investment Research, “Amdocs is a leading provider of customer care, billing and order management systems for communications and Internet services. Amdocs has an unparalleled success record in project delivery of its mission-critical products. With human resources of over 5,900 information systems professionals, Amdocs has an installed base of successful projects with more than 75 service providers throughout the world. In April 2000, Amdocs completed the acquisition of Solect Technology Group Inc., a leading provider of customer care and billing systems for IP providers.” Get a free copy of the Zacks research report on Amdocs Limited (DOX).

Another recent and important Amdocs Limited (NASDAQ:DOX) news was published by which published an article titled: “Amdocs Limited Files Fiscal 2015 Annual Report” on December 10, 2015.

Amdocs Limited - Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.

Add Comment