Morgan Stanley Initiates Fractal Analytics with Overweight Rating, Rs 946 Target Price
Morgan Stanley initiated coverage on Fractal Analytics with an Overweight rating and Rs 946 target price, citing strong positioning in data analytics and AI-driven growth with expected EBIT margins of approximately 15%. Goldman Sachs also initiated coverage but with a Neutral rating and Rs 910 target price, acknowledging robust growth prospects of 20% revenue and 27% EBIT CAGR in the $328 billion data analytics market, while expressing concerns over rich valuations at 41x/31x FY27/28E P/E ratios.