Genpact (G) Stock Forecast & Price Target

Genpact is benefiting from a clear shift toward higher-value Advanced Technology Solutions, which grew 24.1% Y/Y to $363.3 million and now represents over 27% of revenue, while the company also posted its largest-ever quarterly bookings and signed six large deals. The business continues to deliver solid fundamentals, with total revenue up 7.1% Y/Y to $1.343 billion, gross margin expanding to 36.5% for the 13th consecutive quarter, and adjusted EPS of $1.00 beating estimates. Management’s raised FY26 guidance for ATS growth to at least 25% and adjusted EPS growth to at least 12%, alongside tracking toward over $1 billion of agentic TCV in 2026, supports confidence in durable growth and margin expansion.

Genpact is facing a negative fundamental setup because a prolonged economic downturn would likely reduce transformation deal activity, pressuring organic growth and slowing client decision-making. Its global delivery model, while operationally important, also creates execution risk if employee retention weakens in key regions or if wage inflation intensifies amid the war for digital and analytics talent, especially in India. In addition, currency volatility could weigh on both revenue and earnings, while the bear case implies valuation compression to about 6x to 7.5x FY27 EPS, underscoring limited downside protection.