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Genpact Ltd (NYSE:G)’s shares soared to a 52-week high of $47.98, reflecting a remarkable year of growth for the professional services firm. With a market capitalization of $8.44 billion and an attractive P/E ratio of 12.93, the company has demonstrated strong financial fundamentals. InvestingPro analysis suggests the stock may still have room to run, with multiple analysts revising earnings estimates upward. Investors have shown increased confidence in Genpact’s market position and growth strategy, as evidenced by the stock’s impressive 38.34% surge over the past six months alone. The company’s ability to adapt and thrive in a dynamic business environment has translated into significant shareholder value, with revenue growth of 5.22% and the stock reaching new heights and outpacing many of its peers in the industry. For deeper insights into Genpact’s valuation and growth metrics, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Genpact has been the subject of several key developments. The company’s stock rating was upgraded to Buy by Jefferies, and its price target was raised to $55.00, reflecting an optimistic outlook on Genpact’s future performance. The firm anticipates significant growth in Genpact’s Data-Tech-AI and Digital Operations segments, with revenues expected to grow at a high single-digit pace by 2024.
Genpact also reported a 7% rise in revenue to $1.21 billion in the third quarter, which led the company to increase its full-year revenue and EPS guidance to approximately $4.740 billion to $4.751 billion and $3.24 respectively. On a strategic front, Genpact has announced a collaboration with Amazon (NASDAQ:AMZN) Web Services to integrate AI technology into diverse business lines.
Meanwhile, TD Cowen maintained a Hold rating on Genpact shares, suggesting that the company’s internal changes could potentially drive results that exceed expectations. In addition, Jinsook Han has been appointed as Genpact’s new Chief Strategy and Corporate Development Officer, indicating the company’s ongoing efforts to enhance its performance and market position. These are some of the recent developments that have shaped Genpact’s trajectory.
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