Bryan Bergin, an analyst from TD Cowen, maintained the Hold rating on WNS (WNS – Research Report). The associated price target was lowered to $67.00.
Bryan Bergin has given his Hold rating due to a combination of factors influencing WNS’s stock performance. The company has recently experienced notable outperformance, partly driven by unsubstantiated acquisition rumors, which created challenging conditions when paired with mixed fourth-quarter results and a modestly lower growth outlook for FY26. This has led to a shift in focus towards WNS’s fundamental performance, which appears to be improving as it moves past previous challenges.
Bergin notes that WNS is showing signs of progress with healthy demand in its business process management sector and a solid pipeline of deals. Despite macroeconomic uncertainties, the company has managed to close deals faster than expected, including two significant agreements with new clients. However, concerns remain about the impact of generative AI in the BPM space, and while the company’s execution is improving, shares are anticipated to remain range-bound in the near term as investors look for consistent performance. The FY26 growth guidance is considered stable, with a high level of revenue visibility, but the overall outlook remains cautious due to broader market concerns.