Stifel Nicolaus analyst Peter McNally maintained a Buy rating on Cirata today and set a price target of p44.00.
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Peter McNally has given his Buy rating due to a combination of factors, starting with Cirata’s strong operational turnaround and commercial momentum. The company delivered a 55% revenue increase to approximately $11.9m, booked its highest data integration volume since 2017 – including record Q4 deals with a major U.S. insurer and IBM – and enters the new year supported by multi‑year contracts and improved liquidity.
At the same time, Cirata has radically reshaped its cost base and strategic focus, which enhances the path to profitability and supports the upside to his price target. Management has cut annualised expenses by roughly 70%, exited the lower‑margin DevOps unit to concentrate on data integration and orchestration (including the new Symphony platform), and is guiding to positive cash flow as early as Q1 2026, with the FCA matter resolved and no further regulatory action expected.