Finatext Holdings surges as domestic research firm initiates coverage with 'outperform' rating
Finatext Holdings Ltd. <4419> extended sharp gains for a second straight session after Tokai Tokyo Intelligence Laboratory initiated coverage on Oct. 1 with an "Outperform" rating and a price target of 2,000 yen.
The research firm highlighted Finatext Holdings' strengths in maintaining stable core system operations and regulatory compliance expertise amid growing AI adoption. It expects the company to accumulate volume-based revenue in its financial infrastructure business while capturing generative AI demand in its data AI unit. Tokai Tokyo Intelligence Laboratory projects operating profit for the fiscal year ending March 2029 to reach 9.43 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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