10 AI News Updates Trending on Wall Street

5. CGI Inc (NYSE:GIB)

Number of Hedge Fund Holders: 24

CGI Inc. (NYSE:GIB) offers IT, business consulting, systems integration, automation, intellectual property, and enterprise digitization services to diverse industries, including banking, healthcare, manufacturing, energy, insurance, and logistics. The company’s responsible use of AI methodology and consulting framework in its IP portfolio enables it to offer a suite of AI solutions like the CGI PulseAI, Virtual Service Agent, Accelerate AI360, DigitaTrust360, and Machine Vision for operational efficiencies, cost reductions, legal compliance, and assets monitoring activities.

On January 30th, RBC Capital analyst Paul Treiber increased CGI Inc.’s (NYSE:GIB) stock price target to C$192 from C$178 and maintained an “Outperform” rating. The brokerage highlighted that the IT services provider’s Q1 results were largely in line with consensus. Despite the company missing organic growth expectations, the analyst said M&A could more than offset the softness.