Latent View Shares Gets ICICI Securities 'Buy' Upgrade — Check Target Price, Potential Upside

ICICI Securities picks Latent View as top tech bet; forecasts 20%+ revenue growth- details inside

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ICICI Securities has upgraded Latent View Analytics shares to Buy from Add rating.

The brokerage envisages healthy revenue growth of 6% QoQ USD in a seasonally strong Q3 and 50bps QoQ of Ebitda margin expansion, emplacing Latent View favorably to achieve its 20% YoY USD revenue growth guidance in FY26.

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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ICICI Securities Report

ICICI Securities has upgraded Latent View Analytics Ltd. to Buy from Add rating, raising its target price to Rs 560 (from Rs 480), implying a 22% upside from the current market price of Rs 459.

The brokerage expects Latent View to enter a profit-accretive growth phase, driven by robust execution across its four strategic bets:

  1. Mining top accounts

  2. Expanding data engineering services

  3. Scaling GenAI and Agentic AI offerings

  4. Growth in BFSI, CPG, and retail verticals.

Key downside risks:

  1. High client concentration – top 5 clients account for ~60% of revenue.

  2. High vertical concentration – ~70% exposure to technology vertical.

  3. Higher exposure to developed markets – North America contributes ~90% of revenue.

  4. Acquisition integration risks.

Click on the attachment to read the full report:

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This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

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