Anand Rathi Recommends 'BUY' on Persistent Systems, Sets Target at Rs 7587
Business
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Moneycontrol•21-01-2026, 11:47
Anand Rathi Recommends 'BUY' on Persistent Systems, Sets Target at Rs 7587
- •Persistent Systems reported 4.1% QoQ and 17.3% YoY constant currency revenue growth to $423 million.
- •The company aims for $2 billion revenue by FY27 and $5 billion by FY31, driven by AI-led strategies.
- •Growth was led by BFSI sector, with strong performance in Europe and North America.
- •Persistent's deep domain expertise and focus on top accounts (82% revenue from Top 100) support its growth.
- •Anand Rathi upgrades rating to 'BUY' with a target price of Rs 7,587, valuing it at 40.3x FY28e PE.
Why It Matters: Anand Rathi recommends buying Persistent Systems, citing strong growth and future revenue targets.
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