A Rising Tide Lifts Sapient's Yacht
Though the stock is pricey, long-term trends bode well for the firm.
Sapient (SAPE) continues to benefit from a red-hot information-technology consulting marketplace. Risk-tolerant investors should keep Sapient on the radar screen as a potential investment, but with the stock's sky-high valuation, buying on the dips may be the best strategy.
Sapient is facing so much demand for its services that the company said today it actually has had to turn away some potential clients. And the party's not over: Over the next five years, the IT consulting industry is expected to grow at an annual rate of 46%. Sapient should benefit directly from this growth.
Mark Sellers does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.