In a report released today, Mayank Tandon from Needham reiterated a Buy rating on WNS (WNS – Research Report), with a price target of $70.00.
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Mayank Tandon has given his Buy rating due to a combination of factors including WNS’s strategic acquisition of Kipi.ai, which enhances its capabilities in data modernization and AI services. This acquisition is significant as it aligns with the growing demand for data-driven and AI-based solutions among clients, positioning WNS to better meet these needs.
Furthermore, the acquisition of Kipi.ai, a Snowflake Elite Partner, not only broadens WNS’s service offerings but also leverages Kipi’s expertise in data engineering and advanced analytics. Although the deal is expected to have a minimal financial impact in the short term, it is projected to contribute positively to revenue in the coming fiscal year, supporting the Buy rating and the increased price target of $70.