
CGI Group (GIB) Stock Forecast & Price Target
CGI Group (GIB) Analyst Ratings
Bulls say
CGI has demonstrated strong financial performance, reporting an 11% year-over-year increase in managed services revenue, amounting to CAD 2.22 billion. Additionally, the company has achieved a growth of 1% in total free cash flow to CAD 1.8 billion on a trailing twelve-month basis, with a 3% increase in free cash flow per share. This combination of robust revenue growth and improving cash flow metrics contributes to a positive outlook for the company’s financial future.
Bears say
CGI has experienced a year-over-year decline in margins, with a decrease of 10 basis points to 16.3% in Q3, primarily driven by the dilutive effects of recent acquisitions. Additionally, there has been a sequential decline in bookings, suggesting a potential slowdown in demand, which aligns with existing expectations. Lastly, intellectual property revenue as a percentage of total revenue has remained stagnant at 21% compared to the prior quarter and has decreased from 23% in Q3 of the previous fiscal year, indicating potential challenges in revenue diversification.
This aggregate rating is based on analysts' research of CGI Group and is not a guaranteed prediction by Public.com or investment advice.
CGI Group (GIB) Analyst Forecast & Price Prediction
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