Analysts trim estimates on Persistent amid valuation and growth concerns

Persistent Systems’ shares declined following disappointing June quarter results, with revenue growth slowing due to healthcare sector sluggishness and project delays. While the company aims for $2 billion revenue by FY27, some analysts consider its valuation high amid short-term challenges. Despite a growing order book, client caution persists, leading to mixed analyst ratings, with some reducing earnings estimates.

​Persistent Systems’ shares declined following disappointing June quarter results, with revenue growth slowing due to healthcare sector sluggishness and project delays. While the company aims for $2 billion revenue by FY27, some analysts consider its valuation high amid short-term challenges. Despite a growing order book, client caution persists, leading to mixed analyst ratings, with some reducing earnings estimates.