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Brokerage backs Persistent Systems valuation after Q3 results
Nuvama defended Persistent Systems’ premium valuation following strong Q3 earnings, citing revenue visibility, execution strength, and sustained enterprise demand for digital transformation services.
Persistent Systems’ Q3 earnings led brokerage Nuvama to reaffirm confidence in the stock’s premium valuation. Analysts highlighted strong revenue visibility, consistent execution, and sustained demand for digital transformation services. The report also pointed to resilient margins and a healthy order pipeline. Despite elevated valuations, brokerages believe growth prospects remain intact, supported by enterprise technology spending and long term global outsourcing trends.