Piper Sandler Upgrades Jack Henry & Associates to Overweight

Piper Sandler upgraded the stock rating of Jack Henry & Associates from Neutral to Overweight, establishing a price target of $175.00. The investment firm based the upgrade on an improved risk-reward profile and high earnings visibility for the financial technology company.

Analysts highlighted several growth drivers for the company's 2027-2029 framework, including core-client retention rates exceeding 99% and a record 58 competitive core wins during fiscal 2026. The firm also noted the company's increased success in securing larger institutions as clients.

Other financial institutions maintain a range of outlooks for the company. Seaport Global Securities initiated coverage with a buy rating and a $193 target, while D.A. Davidson reiterated a buy rating with a $198 target. In contrast, Morgan Stanley maintained an Equalweight rating with a $158 target, and UBS kept a Neutral rating with a $170 target.