CI&T, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Luke Morison from Canaccord Genuity maintained a Buy rating on the stock and has a $6.00 price target.
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Luke Morison has given his Buy rating due to a combination of factors that highlight CI&T’s strong position in the market. The company’s significant presence in the Brazilian financial sector, which is a robust area for global IT spending, provides a stable foundation for growth. This sector’s ongoing modernization efforts, particularly in AI-driven initiatives, have allowed CI&T to maintain strong performance despite broader economic challenges.
Furthermore, CI&T’s growth is becoming more widespread across its client base, with increased contributions from clients beyond its largest account. This diversification is a positive sign of distributed demand. Additionally, the company’s proprietary AI-powered delivery engine, FLOW, enhances operational efficiency and positions CI&T for future growth. Despite some anticipated moderation with its top client, CI&T’s scalable model and strategic positioning in resilient industries support the Buy recommendation.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $8.00 price target.
CINT’s price has also changed moderately for the past six months – from $6.300 to $4.610, which is a -26.83% drop .