JPMorgan lowered the firm’s price target on Genpact (G) to $50 from $55 and keeps a Neutral rating on the shares. The firm updated targets in IT services post the Q2 reports, saying the sector is in the third straight year of below-average revenue growth. An improvement in growth is needed to drive higher valuation multiples, the analyst tells investors in a research note. JPMorgan is optimistic that sector growth will improve.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on G:
- Genpact’s Earnings Call Highlights Strong Growth and Raised Guidance
- Genpact price target raised to $52 from $50 at Baird
- Genpact’s Strong Financial Performance and Strategic Advancements Drive Buy Rating
- Genpact price target raised to $53 from $50 at Needham
- Genpact Reports Strong Q2 2025 Financial Results