WNS - WNS rises after Baird upgrades on solid results raised outlook

2023-07-21 08:30:30 ET

WNS (Holdings) ( NYSE: WNS ) rose ~3% Friday pre-market after Baird Equity Research upgraded the business process management company on solid results and raised outlook.

The ratings agency raised the recommendation on the stock to Outperform, with a price target of $86. The stock is currently trading at $68.43.

The agency believes the company's FQ1 results were very good. WNS raised its FY24 revenue guidance.

Q1 non-GAAP EPS of $1.01 beats by $0.08, and revenue less repair payments of $317.5M (+15.5% Y/Y) beats by $12.92M.

Baird raised its FY24/FY25 estimates on the recent results and "big buybacks".

The sell-side analysts give the stock a Strong Buy rating on average, with a price target of $97.56.

Meanwhile, Seeking Alpha's Quant Rating system gives the stock a Hold rating.

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