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Investing.com - Prabhudas Lilladher initiated coverage on Latent View Analytics (NSE:LATENTVI) with a Buy rating and a price target of INR570, representing a potential upside of 40%.
The research firm highlighted Latent View’s position as a pure-play data analytics and artificial intelligence service provider operating across technology, financial services, consumer/retail, and industrial domains. The company generates approximately 50% of its revenue from customer profiling, marketing analytics, and promotional activities.
Prabhudas Lilladher noted that Latent View’s partnership with Databricks has enabled it to extend enterprise service offerings around GenAI and agentic AI. Revenue from this partnership is expected to grow at over 70% CAGR from FY25 to FY28, with the current pipeline for these services exceeding $8 million.
The firm projects Latent View’s next growth phase will come from its top 25 strategic accounts, which are Fortune 500 companies, as it focuses on building deep CXO connections across functions. Operating margins are expected to remain stable at 23-25%, with additional profits being reinvested to drive growth and build technology capabilities.
Prabhudas Lilladher forecasts USD revenue, INR EBITDA, and INR PAT to grow at CAGRs of 19.2%, 25.1%, and 19.4%, respectively, over FY25-28. The firm assigned a 40x multiple to September 2027 earnings, noting that the current valuation of approximately 33x FY27 earnings remains inexpensive.
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