US stock futures steady after Wall St soars on dovish Powell; Nvidia earnings due
Investing.com - Kotak has initiated coverage on Firstsource Solutions (NSE:FISO) Ltd (NSE:FSOL) with a Reduce rating and a price target of INR375.00.
The research firm cited rich valuations as a concern, noting that the stock trades at 29X FY2027E PE despite potential disruption in parts of the business.
Kotak forecasts an 11.7% organic constant currency revenue CAGR for Firstsource Solutions over FY2025-28E, with a 90 basis points EBIT margin expansion to 11.9% during this period.
The company’s renewed focus on strengthening go-to-market presence, expanding offerings, and promoting cross-selling within existing clients is expected to drive sustained improvement in revenue growth, according to Kotak.
The research firm projects a robust 22.2% EPS CAGR over the FY2025-28E period for Firstsource Solutions, while valuing the company at 27X September 2027E PE for its INR375 fair value target.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.