
CGI Group (GIB) Stock Forecast & Price Target
CGI Group (GIB) Analyst Ratings
Bulls say
CGI has demonstrated strong financial performance, with managed services revenue increasing by 11% year-over-year to $2.22 billion, reflecting robust demand for its IT services. Additionally, the company reported a 1% increase in total free cash flow to $1.8 billion on a trailing twelve-month basis, with free cash flow per share rising by 3% year-over-year. The positive growth in both managed services and free cash flow metrics underscores CGI's solid market position and operational efficiency within the IT services sector.
Bears say
CGI's margins experienced a decline of 10 basis points year-over-year, reaching 16.3% in Q3, attributed to the dilutive impact of recent acquisitions. Additionally, there was a sequential decline in bookings, although this trend aligned with the company's estimates. The company's intellectual property (IP) revenue as a percentage of total revenue remained stagnant at 21%, down from 23% in the same quarter of the previous fiscal year, indicating a potential slowdown in core revenue growth.
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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