Genpact price target raised to $53 from $50 at Needham

Needham analyst Mayank Tandon raised the firm’s price target on Genpact (G) to $53 from $50 and keeps a Buy rating on the shares. The company posted solid Q2 results, beating estimates on all fronts, given broad-based demand improvement through the quarter, especially for Genpact’s AI-based solutions, the analyst tells investors in a research note.