Surinder Thind, an analyst from Jefferies, reiterated the Buy rating on Genpact (G – Research Report). The associated price target was raised to $65.00.
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Surinder Thind has given his Buy rating due to a combination of factors that highlight Genpact’s promising future. The company’s strong fourth-quarter results and guidance have led to an increase in the estimated earnings per share for 2025, indicating a positive financial outlook. Genpact’s management is actively launching new AI-driven products and solutions, positioning the company at the forefront of innovation.
Furthermore, demand for Gen-AI is rising, as evidenced by a significant increase in related project bookings. The company’s strategic focus on smaller deals and partnerships is also contributing to accelerated revenue growth. Although management is opting to reinvest any margin upside into AI development, the overall growth trajectory remains strong, supported by a mix of annuitized business and potential pipeline conversions.
Thind covers the Technology sector, focusing on stocks such as Accenture, CGI, and Cognizant. According to TipRanks, Thind has an average return of 11.7% and a 61.54% success rate on recommended stocks.
In another report released on February 7, Needham also reiterated a Buy rating on the stock with a $65.00 price target.