Balanced Near-Term Outlook and Soft 2026 Expectations Support Neutral Hold Rating

UBS analyst Joshua Chan has maintained their neutral stance on IT stock, giving a Hold rating on March 19.

Joshua Chan has given his Hold rating due to a combination of factors that leave the near‑term outlook finely balanced rather than clearly positive or negative. He expects contract value to grow slightly above consensus in Q1 despite a difficult selling environment, and notes that, for the first time in several quarters, his estimates are broadly aligned with the Street instead of pointing to downside risk.

At the same time, he highlights persistent pressure in non‑federal business, where net contract value remains weak by historical standards, and federal contract losses are anticipated early in the year before stabilizing. He also underscores that consensus is already assuming a notably soft 2026, with growth projected to remain subdued even as comparison periods ease, which limits upside to the shares and supports a neutral, Hold stance.

Chan covers the Industrials sector, focusing on stocks such as ManpowerGroup, UL Solutions Inc. Class A, and ABM Industries. According to TipRanks, Chan has an average return of 12.9% and a 56.67% success rate on recommended stocks.

In another report released on March 19, BMO Capital also assigned a Hold rating to the stock with a $188.00 price target.