In a report released yesterday, Cesar Medina from Morgan Stanley maintained a Buy rating on CI&T (CINT – Research Report), with a price target of $10.00. The company’s shares closed yesterday at $5.38.
According to TipRanks, Medina is an analyst with an average return of -4.9% and a 53.33% success rate. Medina covers the Technology sector, focusing on stocks such as America Movil, Grupo Televisa, S.A.B., and Telefonica Brasil.
CI&T has an analyst consensus of Moderate Buy, with a price target consensus of $9.00.
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Based on CI&T’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.02 billion and a net profit of $55.22 million. In comparison, last year the company earned a revenue of $265.37 million and had a net profit of $29.4 million
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CI&T Inc is engaged in providing strategy, design, and software engineering services to enable digital transformation for companies. The company mainly develops customizable software through the implementation of several software solutions, including Machine Learning, Artificial Intelligence (AI), Analytics, Cloud, and Mobility technologies.
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