
CGI Group (GIB) Stock Forecast & Price Target
CGI Group (GIB) Analyst Ratings
Bulls say
CGI has demonstrated a robust performance in its managed services segment, achieving an 11% year-over-year increase in revenue, totaling $2.22 billion. Additionally, the company's free cash flow increased by 1% year-over-year to $1.8 billion, with free cash flow per share rising by 3% over the same period. This solid financial performance positions CGI favorably within the IT services sector, reflecting strong demand for its offerings across both government and private sectors.
Bears say
CGI's financial outlook appears challenged due to a 10 basis point year-over-year decline in margins, now at 16.3%, attributed to the dilutive effects of recent acquisitions. Additionally, the company experienced a sequential decline in bookings, aligning with previous estimates and indicating potential issues in maintaining revenue growth. Furthermore, intellectual property (IP) as a percentage of total revenue remained stagnant at 21% from the previous quarter, marking a decrease from 23% in the same quarter of the prior fiscal year, suggesting diminishing returns from its assets.
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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