10 AI News You Should Not Miss

7. Genpact Limited (NYSE:G)

Number of Hedge Fund Holders: 31

Genpact Limited (NYSE:G) is a global professional services firm using expertise in business, digital operations, data, and AI to transform leading enterprises worldwide.

On January 21, Jefferies upgraded Genpact (NYSE:G) from Hold to Buy and raised its price target to $55 from $44, expecting growth in its Data-Tech-AI and Digital Operations segments to continue accelerating. The Data-Tech-AI segment, which makes up 47% of revenues, is forecasted to see high single-digit growth by the end of FY2024, up from low single digits the previous year. The firm noted that the growth rate is expected to increase further in 2025 and 2026, driven by rising discretionary spending and AI-related growth, potentially reaching a low double-digit pace by 2027.