WNS (WNS – Research Report), the Technology sector company, was revisited by a Wall Street analyst on April 25. Analyst Sachin Mittal from DBS maintained a Buy rating on the stock and has a $74.00 price target.
Sachin Mittal has given his Buy rating due to a combination of factors that highlight WNS’s strategic positioning and growth potential. The company has successfully expanded its client base by adding new clients and strengthening existing relationships, which is a positive indicator of future revenue growth. Furthermore, WNS’s diversified service portfolio in the defensive BPM industry positions it well against economic fluctuations, providing a stable revenue stream.
WNS’s recent strategic acquisitions have contributed to its inorganic growth, enhancing its service offerings and geographic presence, particularly in Europe. The company’s ability to adapt to technological advancements, such as the integration of AI in its platforms, further supports its growth trajectory. Additionally, the stock is trading at a discount compared to its peers, offering an attractive valuation for investors. These factors, combined with a positive outlook on net profit growth, underpin Mittal’s Buy rating for WNS.
In another report released on April 25, Barrington also maintained a Buy rating on the stock with a $75.00 price target.
WNS’s price has also changed moderately for the past six months – from $47.210 to $60.080, which is a 27.26% increase.