Analyst Bryan Bergin of TD Cowen maintained a Buy rating on CI&T, retaining the price target of $8.00.
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Bryan Bergin has given his Buy rating due to a combination of factors including CI&T’s consistent organic growth and promising future outlook. The company has demonstrated consecutive quarters of double-digit organic growth, surpassing market expectations, and has provided guidance for continued strong performance in the coming quarter. This growth is supported by a robust sales pipeline and a strategic focus on AI, which is driving increased client engagement and market share.
Additionally, CI&T’s expansion in key regions such as Latin America and North America, along with strong performance across various industries, further solidifies its growth potential. Despite the impact of workforce investments on margins, the company’s strategic positioning in AI and data modernization is expected to yield long-term benefits. Bergin’s confidence in CI&T’s ability to maintain strong client relationships and capitalize on emerging opportunities underpins his Buy recommendation.