LTIMindtree has received a "BUY" rating from Prabhudas Lilladher, with a target price of Rs 7,360. The company has set an ambitious goal to achieve US$10 billion in revenue by FY 2031-32, which it believes can be accelerated through strategic acquisitions and industry growth.

During its Investor Day, LTIMindtree emphasized its commitment to enhancing its AI capabilities to meet the increasing demand for Generative AI services, which it sees as a key driver of growth. The company aims to initially improve its margins to the 17-18% range, with further enhancements expected through revenue growth, pricing strategies, and operational optimizations.

Prabhudas Lilladher maintains its revenue and earnings estimates, projecting a USD revenue CAGR of 9.7% and earnings CAGR of 13.7% from FY24 to FY27. The firm values LTIMindtree at 32 times its FY27 estimated earnings per share, reinforcing its positive outlook on the company's future performance.