PC Connection, Inc. (NASDAQ:CNXN) Posts Q1 Earnings, Analysts Lift Price Targets

PC Connection, Inc. (NASDAQ:CNXN) reported a 15% increase in stock price after its annual results, with revenues of $2.9b in line with analyst predictions. Statutory earnings missed estimates by 2.8% to $3.27 per share. Analysts have lifted their price targets by 8.6% to $76.00, despite reconfirming revenue and earnings forecasts. The forecast 4.2% annualized revenue growth to the end of 2026 is noticeably faster than its historical growth of 0.6% p.a. over the past five years.