BofA Securities Starts CI&T Inc. (CINT) at Buy

BofA Securities analyst Jason Kupferberg initiates coverage on CI&T Inc. (NYSE: CINT) with a Buy rating and a price target of $15.00.

The analyst comments "CINT is a leading global digital transformation technology and services company that integrates strategy, design, and software engineering offerings, with delivery resources concentrated in Brazil. CINT has become a partner-of-choice for large blue-chip clients (i.e. Google, Coca-Cola, Nestlé, Johnson & Johnson, LifeScan). The Digital segment has also continued to grow at a faster clip than the overall IT Services industry, and as a result, we believe CINT can achieve its target of 25%-30% organic revenue growth and 20%+ adj. EBITDA margins for at least the next couple of years, which we view as a best-in-class blend of organic growth and profitability."

For an analyst ratings summary and ratings history on CI&T Inc. click here. For more ratings news on CI&T Inc. click here.

Shares of CI&T Inc. closed at $12.35 yesterday.

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