Needham raises Genpact stock price target on agentic growth
Investing.com ·
Needham raises Genpact stock price target on agentic growth
Investing.com - Needham raised its price target on Genpact Ltd. (NYSE:G) to $55 from $45 while maintaining a Buy rating on the stock.
The firm cited Genpact’s performance in the third quarter, where the company exceeded estimates on revenue and earnings. The Advanced Technology Solutions segment grew 30.3% year-over-year and now represents 29% of total revenue. The company trades at a P/E ratio of 12.2, and according to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, suggesting potential upside from current levels around $41.
Genpact raised its fiscal 2026 gross margin guidance to approximately 36.9% from approximately 36.5%. The company also lifted its adjusted earnings per share growth guidance for fiscal 2026 to more than 13% from more than 12%, despite transitioning away from approximately two percentage points of non-strategic core work. The company’s current gross margin stands at 36.46% for the last twelve months, while InvestingPro assigns Genpact a "GREAT" financial health score. For deeper insights into Genpact’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.
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