News > LTIMindtree a key beneficiary of US rate cut cycle, says MOSL

LTIMindtree a key beneficiary of US rate cut cycle, says MOSL

Motilal Oswal Securities has reiterated its Buy on LTIMindtree, with a target price of Rs 7400 per share, as the brokerage bets a recovery in America's BFSI sector will be a key factor driving future growth. The target price implies a 16% potential upside for the stock. MOSL said LTIM may clock a CAGR of 10%/13.7% in USD revenue/INR PAT over FY24-27E. The US BFS sector accounts for 35 percent of LTIMindtree's revenue.