Genpact

G · NYSE

$40.83−$0.95 (−2.27%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $41.78

G analyst rating

HoldConsensus of 7 analysts over the last 12 months. 29% rate it a buy.

Strong buy0
Buy2
Hold5
Underperform0
Sell0

12-month price target · 14 analysts

Average $41.02 (+0.5% upside)

Low: $36.36
Now: $40.83
High: $47.25

Upgrades and downgrades

The latest rating actions, newest first

G analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Susquehanna	Oct 22, 2026	Maintains	Neutral	$37.00 → $40.00	42%
TD Cowen	Aug 7, 2026	Maintains	Buy	$42.00 → $43.00	52%
Citigroup	Aug 7, 2026	Maintains	Neutral	$32.00 → $36.00	65%
JP Morgan	Aug 7, 2026	Maintains	Neutral	$40.00 → $45.00	43%
Susquehanna	Aug 7, 2026	Maintains	Neutral	$33.00 → $37.00	42%
Needham	Aug 7, 2026	Maintains	Buy	$50.00 → $45.00	46%
TD Cowen	Jul 9, 2026	Maintains	Buy	$47.00 → $42.00	52%
Baird	Jul 7, 2026	Maintains	Neutral	$45.00 → $38.00	66%
Mizuho	May 11, 2026	Maintains	Neutral	$49.00 → $39.00	46%
Citigroup	May 11, 2026	Maintains	Neutral	$43.00 → $35.00	65%

The case for and against

Updated Oct 18, 2026

Bull case

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, helping total revenue rise 7.1% Y/Y to $1.343 billion and driving adjusted EPS of $1.00 above expectations. Its fundamentals also look stronger because gross margin expanded to 36.5% for the 13th consecutive quarter of expansion, while management raised FY26 ATS growth to above 25% and lifted FY26 EPS growth guidance to at least 12% on strong bookings, including six large deals and nearly $1 billion of agentic TCV in 2026. Although Core Business Services remains softer as the company transitions away from non-strategic work, the combination of durable margins, attractive valuation, and growing demand for AI-led transformation supports a favorable long-term outlook.

Bear case

Genpact is vulnerable to a prolonged economic downturn that could reduce transformation deal signings and pressure organic growth, while shocks such as Covid-19 can slow client decision-making and weaken revenue momentum. Its global delivery model also depends on retaining talent in key regions, especially India, where wage inflation and the war for digital and analytics talent could squeeze margins and disrupt service quality. Although it ended the quarter with $517 million in cash and cash equivalents after $363 million of debt repayment and returned $82 million to shareholders, foreign currency exposure and softer growth prospects could still weigh on both the top and bottom line.

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