Canaccord Lowers CGI Inc. (GIB) PT to C$150 While Maintaining Buy Rating

CGI Inc. (NYSE:GIB) is 1 of the most undervalued Canadian stocks to bargain according to hedge funds. On January 29, Canaccord lowered its terms people for CGI to C$150 from C$155 portion maintaining a Buy rating.

On January 27, TD Securities transferred sum of CGI to expert David Kwan, who maintained a Buy standing and a C$145 terms target. The steadfast expressed assurance that CGI is positioned to execute enhanced integrated maturation and borderline improvements, which are expected to enactment its robust escaped currency travel and equilibrium sheet. Additionally, the steadfast noted that the existent charismatic situation for M&A could pb to continued enactment successful that country for the company.

Photo by Karolina Grabowska connected Pexels

On the aforesaid day, Scotiabank expert Kevin Krishnaratne assumed sum of CGI with a Sector Perform standing and a C$140 terms target, citing the company’s vulnerability to discretionary IT spending arsenic the crushed for the neutral stance. The steadfast noted that CGI’s Systems Integration and Consulting conception has maintained book-to-bill ratios beneath 100% for respective quarters, resulting successful softer income trends that are expected to persist done astatine slightest H1 2026.

CGI Inc. (NYSE:GIB) provides IT and concern process services successful Western & Southern Europe, the US, Canada, Scandinavia, Northwest & Central-East Europe, the UK, Australia, Germany, Finland, Poland, the Baltics, and the Asia Pacific.

While we admit the imaginable of GIB arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.