Buy Rating Affirmed for Genpact on Strong Operational Performance and Strategic Growth Initiatives

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Genpact (G – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Kunal Tayal from Bank of America Securities reiterated a Buy rating on the stock and has a $43.00 price target.

Kunal Tayal has given his Buy rating due to a combination of factors including Genpact’s impressive operational performance and strategic investment initiatives. The company’s second-quarter revenue growth accelerated significantly, surpassing both Bank of America Securities’ estimate and the company’s own guidance. This increase in growth rate was propelled by the Operations segment and the successful conversion of revenue from large deals secured in the latter half of the calendar year. In addition, the management’s updated revenue growth guidance for the coming year suggests a conservative yet optimistic outlook, with room for potential upside given the current climate of discretionary spending.

Furthermore, Tayal’s optimism is bolstered by Genpact’s forward-looking investment plans under the direction of the new CEO, which are expected to fuel growth in the coming years. These plans include expanding partnership-led deals, streamlining go-to-market strategies, and ramping up investments in GenAI, which is anticipated to broaden the total addressable market. The company’s financials also support the Buy rating, with adjusted EBIT margins exceeding expectations and a reiteration of healthy margin guidance for the next year. Adjustments to earnings projections and a valuation that is seen as undemanding when compared to historical averages further reinforce Tayal’s positive stance on Genpact’s stock.

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Genpact (G) Company Description:

Genpact Ltd. engages in the business process management, outsourcing, shared services, and information outsourcing. It focuses on designing and running intelligent operations and transformation services, which provides digital, consulting and analytics services. The company was founded by Pramod Bhasin in 1997 and is headquartered in Hamilton, Bermuda.

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Buy Rating Affirmed for Genpact on Strong Operational Performance and Strategic Growth Initiatives

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