Morgan Stanley Lowers CCC Intelligent Solutions Holdings Price Target to $9 Despite Q4 Strength

CCC Intelligent Solutions Holdings Inc. (CCC) has had its price target lowered by Morgan Stanley to $9 from $13 despite strong Q4 performance. The firm cited compression in peer valuation multiples and updated modeling assumptions. CCC has also partnered with VSSTA to integrate its CCC Diagnostics Network, enhancing workflow efficiency and accuracy in recording ADAS-related services. CCC is a cloud-based SaaS company providing AI-powered solutions to the property and casualty insurance ecosystem to streamline claims, repair, and related processes.