Persistent Share Price Target Prediction
Persistent System is an Indian multinational corporation that specializes in software products and technology services. The company is headquartered in Pune, Maharashtra, India. Persistent was founded in 1990 by Anand Deshpande.
Persistent Share Company Details
Persistent Systems is a global technology company specializing in software products and technology services. The company was founded in 1990 with a focus on providing software products to the telecommunications industry. Over the years, Persistent has expanded its focus to include a wide range of industries and now provides its innovative software products and services to clients in more than 30 countries. Persistent is headquartered in Pune, India, and has offices in North America, Europe, and Asia-Pacific. The company employs over 7,000 people worldwide.
Persistent Share Recent Performance
Persistent Systems (BSE: PERSISTENT) has had a strong run in the stock market over the past year. The company’s share price has more than doubled, and it is now one of the top performers in the BSE Sensex index. This impressive performance is largely due to Persistent’s strong financial results. For the fiscal year ended March 31, 2020, Persistent reported revenue of Rs. 12,290 crores (US$ 1.8 billion), up 20% year-over-year. Its net profit also grew by 20% to Rs. 1,944 crores (US$ 284 million). Looking ahead, Persistent is well-positioned to continue its growth trajectory. The company has a strong order book and is seeing robust demand for its services across all its major markets. With a strong focus on execution, Persistent is confident of delivering strong results in the coming years.
Persistent Share Analyst Opinions
Analyst opinions are extremely positive on Persistent Systems Ltd. (BSE: PERSISTENT) with a price target of Rs 2,500. This target is based on 25 analysts polled by Zacks Investment Research. The average 12-month price target for the stock is Rs 2,471.67, which represents a potential upside of 20.24% from the current market price. Of the 25 analysts surveyed, 14 recommend a “buy” rating on the stock, 9 recommend a “hold” rating and 2 recommend a “sell” rating.
The strong analyst opinion is based on the company’s strong fundamentals and impressive financials. For the quarter that ended March 31, 2021, Persistent reported revenue of Rs 2,038 crore, up 18% year-over-year. Adjusted net income was Rs 462 crore, or Rs 22.61 per diluted share, compared to Rs 405 crore, or Rs 19.77 per diluted share, in the same quarter last year. Analysts are also bullish on the company’s prospects going forward as it continues to win new clients and expand its existing relationships. In the past year, Persistent has won several large deals from clients such as Adobe, Microsoft Azure, and Google Cloud.
Persistent Share Future Prospects
Looking ahead, Persistent Systems is well-positioned to continue its strong performance. The company’s focus on innovative products and services, along with its expanding global reach, should help it to maintain its momentum in the years to come. In particular, the company’s recent expansion into new markets such as healthcare and life sciences is expected to drive growth in the coming years. Additionally, Persistent Systems’ increasing focus on digital transformation should help it to win more business from large enterprises. As a result, analysts believe that the company’s share price could continue to rise in the years ahead. In fact, some analysts have set price targets of Rs 2,500 for 2022 and Rs 3,000 for 2023. Given the company’s strong fundamentals and bright outlook, these targets seem achievable.
Persistent Share Price Target 2022, 2023, 2024, 2025
Looking ahead, analysts have a bullish outlook for Persistent Systems’ share price. The average target price for the stock over the next 12 months is Rs 1,844.50, which would represent a potential upside of 27.4% from its current level. Looking further out, the average target price for 2025 is Rs 2,140.00, which would represent a potential upside of 48.3% from its current level. Overall, analysts are bullish on Persistent Systems’ long-term prospects and believe that the stock is undervalued at its current level.
In conclusion, we believe that Persistent Systems is a strong company with a bright future. The company’s share price has shown resilience in the face of difficult market conditions and we believe that it will continue to perform well in the years to come. We are confident in our 2022, 2023, 2024, 2025, and 2030 share price targets for Persistent Systems and believe that the company is a great long-term investment.