CI&T (NYSE:CINT – Get Free Report) had its price objective upped by equities research analysts at UBS Group from $7.50 to $8.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 23.65% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Citigroup boosted their target price on CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. TD Cowen assumed coverage on shares of CI&T in a research report on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective on the stock. Itau BBA Securities upgraded shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research note on Friday, August 16th. The Goldman Sachs Group started coverage on shares of CI&T in a research note on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CI&T currently has a consensus rating of “Moderate Buy” and an average target price of $7.68.
View Our Latest Analysis on CI&T
CI&T Trading Up 3.0 %
Institutional Trading of CI&T
Several large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in CI&T during the third quarter worth about $108,000. State Street Corp boosted its position in shares of CI&T by 28.8% during the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after acquiring an additional 15,083 shares in the last quarter. GSA Capital Partners LLP increased its stake in CI&T by 12.5% in the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after acquiring an additional 2,995 shares during the last quarter. Marshall Wace LLP raised its position in CI&T by 245.6% during the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after purchasing an additional 65,457 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in CI&T during the second quarter worth $2,264,000. 92.45% of the stock is owned by institutional investors and hedge funds.
CI&T Company Profile
CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.
Further Reading
- Five stocks we like better than CI&T
- Most Volatile Stocks, What Investors Need to Know
- FinWise Bancorp’s CEO Talks Strategy Behind Fintech Success
- 3 Monster Growth Stocks to Buy Now
- Broadcom: Turning the Mag 7 Into 8 Trillion-Dollar Tech Giants
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- SoundHound AI: Can Its Meteoric Rise Sustain Into 2025?
Receive News & Ratings for CI&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI&T and related companies with MarketBeat.com's FREE daily email newsletter.