Top Wall Street Forecasters Revamp CI&T Price Expectations Ahead Of Q2 Earnings

Core Insights - CI&T Inc. is scheduled to release its second-quarter earnings results on August 16, 2024, before the market opens [1] - Analysts predict a decline in quarterly earnings to 6 cents per share, down from 9 cents per share in the same period last year [2] - Expected quarterly revenue is $99.03 million, a decrease from$113.59 million year-over-year [2] - CI&T's shares increased by 1.1%, closing at $6.75 [2] Analyst Ratings - Citigroup analyst Ashwin Shirvaikar maintains a Neutral rating, raising the price target from$4.25 to $6 [2] - Wedbush analyst Moshe Katri initiated coverage with an Outperform rating and a price target of$5 [2] - Canaccord Genuity analyst Joseph Vafi upgraded the stock from Hold to Buy, increasing the price target from $5 to$6 [2] - The consensus price target from 10 analysts shows a high of $10 and a low of$4.20 [2]