- CGI Inc (GIB, Financial) sees strong Q2 performance with substantial revenue growth and notable backlog.
- Analysts predict a significant upside, reflecting positive market sentiment.
- GuruFocus metrics indicate promising valuation for investors considering CGI Inc.
CGI Inc. (NYSE: GIB) posted impressive Q2 results, with non-GAAP earnings per share hitting C$2.12 and revenues reaching C$4.02 billion, marking a robust 7.5% year-over-year increase. The firm's bookings climbed to $4.48 billion, achieving a commendable book-to-bill ratio of 110.6% over the past year. Impressively, CGI's backlog stands at a formidable $30.99 billion.
Wall Street Analysts Forecast
Experts are optimistic about CGI Inc.'s future, with 12 analysts offering a one-year average price target of $122.52. The high forecast suggests a potential of $137.28, while the low estimate rests at $95.10. This average price target translates to a potential upside of 14.45% from the current price of $107.05. For an in-depth forecast, visit the CGI Inc (GIB, Financial) Forecast page.
The consensus from 11 brokerage firms rates CGI Inc. with an average recommendation of 2.0, classifying it as "Outperform." This rating is based on a scale where 1 indicates a "Strong Buy" and 5 signals a "Sell."
According to GuruFocus' GF Value estimates, CGI Inc.'s stock is anticipated to reach $119.05 within a year. This projection represents an upside of 11.21% from its current trading price of $107.05. The GF Value is GuruFocus' assessment of the stock's fair market value, determined by analyzing historical trading multiples, past growth patterns, and future business performance forecasts. For more comprehensive data, explore the CGI Inc (GIB, Financial) Summary page.
