Synopsis: With a 28 percent 3 year sales CAGR Prabhudas Lilladher gives this IT stock a target of Rs 490, due to its core business model. While also the company in context has a cash rich balance sheet.
A global data analytics firm that is specialized in digital transformation, predictive modeling, and AI-driven insights is poised for strong growth, helping enterprises optimize marketing, supply chains, and risk management.
Despite the ongoing IT sector slump and geopolitical tensions, Prabhudas Lilladher’s leading brokerage- PL capital sees a target price of Rs 490 for the stock, implying an upside potential of 65 percent from the current market price.
With a market cap of more than Rs 6,000 Cr, Latent View Analytics Ltd is the stock in the context; the stock is currently trading around Rs 296 per share, which is 3 percent lower than the previous close of Rs 305.
Brokerage View
Prabhudas Lilladher notes that AI-related uncertainty is unlikely to significantly damage LatentView’s core business. Many enterprise clients are hesitant to share proprietary data with external AI platforms, creating a protective barrier. While AI serves as a productivity enhancer, the brokerage does not expect it to cause extensive job displacement.
The brokerage highlights LatentView’s successful navigation toward output-based engagement models rather than traditional head-count (FTE) billing. Currently, only 15- 20 percent of the revenue mix is FTE-driven. This transition, supported by “agentic co-workers,” allows the company to meet client demands for faster delivery without increasing costs.
Data readiness is a prerequisite for any AI deployment, and LatentView has positioned data engineering as a core strength, contributing over 20 percent of revenue. The brokerage views the expansion of partnerships with Databricks, Snowflake, and Google Cloud Platform (GCP) as a key driver to grow this segment to 30 percent.
LatentView is actively building “agentic” solutions AI that can perform complex workflows autonomously with four solutions already developed. The brokerage emphasizes that the company’s “long-term edge” comes from pairing niche technical AI talent with established domain expertise, creating a differentiated market position in the evolving landscape.
Strong growth momentum is expected in the Financial Services (FS), Industrial, and CPG segments, with projected YoY growth of 25 percent in FY27. Additionally, the brokerage sees a massive “wallet-share expansion opportunity” in areas like Revenue Growth Management (RGM) and Supply Chain, where existing client spending significantly exceeds LatentView’s current engagements.
With a cash-rich balance sheet representing approximately 9 percent of its market cap, LatentView is well-positioned for inorganic growth. The brokerage notes that the company is exploring 2- 3 targeted acquisitions and remains open to a large “transformation deal” that could represent 60- 70 percent of its current revenue scale.
Business & Financial Overview
LatentView Analytics is a leading global data analytics firm specializing in digital transformation through predictive modeling, data engineering, and AI-driven insights. They help enterprises optimize marketing, supply chains, and risk management. As of 2026, they serve over 40 Fortune 500 companies, including blue-chip giants like Microsoft, Adobe, Uber, and 7-Eleven.
In the latest quarter the company saw a YoY revenue growth of 22 percent, going from Rs 228 Cr in Q3FY25 to Rs 278 Cr in Q3FY26, while the QoQ went up by 8 percent from Rs 258 Cr in Q2FY26. The YoY Net Profits growth is at 19 percent, going from Rs 43 Cr in Q3FY25 to Rs 51 Cr in Q3FY26, while the QoQ growth stood at 11 percent from Rs 46 Cr in Q2FY26.
The company has a 3 year sales CAGR of 28 percent, while the TTM is at 27 percent. The company’s 3 year profit CAGR is at 15 percent, while the TTM number is at 20 percent. The company also has a ROCE of 15 percent and a ROE of 12 percent.
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