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On Thursday, Goldman Sachs reaffirmed its Buy rating on Info Edge India Ltd. (INFOE:IN) with a steady price target of INR 8,800.00. The endorsement comes following observations of accelerating revenue growth in the company’s recruitment division and margin enhancements across its major verticals. Goldman Sachs anticipates a 17% year-over-year (YoY) revenue increase for Info Edge in the fiscal year 2026, compared to a 12% rise in the fiscal year 2025.
The positive hiring outlook for the calendar year 2025, as indicated by India IT Services companies, along with a rise in attrition rates, is expected to favorably impact Info Edge. This improved growth visibility in recruitment is a key factor in the firm’s analysis. Additionally, the real estate segment of Info Edge is projected to nearly reach breakeven in the calendar year 2025, thanks to a stable competitive environment.
In the third quarter of the fiscal year 2025, Info Edge reported a 13% YoY increase in revenue, aligning with Goldman Sachs’ projections. The company’s EBITDA surpassed expectations by 3%, driven by profitability gains in both the real estate and recruitment verticals. These results have led to only minor revisions in Goldman Sachs’ estimates, leaving the 12-month target price for Info Edge unchanged.
The research firm’s outlook for Info Edge is underpinned by the company’s strong performance in key business areas. With the expectation of continued growth in the recruitment sector and stabilization in real estate, Info Edge remains positioned to capitalize on these market trends. Goldman Sachs’ analysis suggests that the company’s strategic progress and financial results align with its positive long-term expectations for Info Edge India Ltd.
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