GIB Similar Chart Price Prediction
The price of GIB is predicted to go up 14.55%, based on the high correlation periods with EVTC. The similarity of these two price pattern on the periods is 98.38%.
GIB
EVTC
Up: 14.55%Similarity: 98.38%
GIB Revenue Forecast
GIB EPS Forecast
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GIB VS S&P500
CGI has an outsize presence in the government vertical, which could lead to further growth if government agencies place increasing importance on total investment in IT needs.
Increased vendor consolidation could allow bigger IT-services players such as CGI to expand their client base at the cost of smaller, more local players.
CGI's recent acquisitions may help the firm to make inroads into the European market, resulting in material margin expansion.
GIB Analyst's Forecast
Surinder Thind
Jefferies
Strong Buy
2025-01-21
Price Target
$140 → $135
Upside
+22.19%
Jefferies lowered the firm's price target on CGI to $135 from $140 and keeps a Buy rating on the shares. The firm, which notes that its Q4 and 2025 estimates for the Technology and Information Services group are mostly unchanged other than a stronger U.S. dollar negatively impacting revenues, expects positive commentary from most management teams as discretionary spend shows signs of picking up, the analyst tells investors in a group preview note.
Stephanie Price
CIBC
Hold → Buy
2024-10-15
Price Target
$155 → $178
Upside
+54.21%
