Desjardins cuts target to CAD 115.00 for CGI stock

CGI Inc. (ISIN CA12532H1047) is facing a lower analyst target after Desjardins cut its view from CAD 118.00 to CAD 115.00 while retaining a Buy rating on October 8, 2026, according to MarketBeat. CGI stock stood at EUR 69.89 at Lang & Schwarz on October 20, 2026 at 9:12 p.m. CEST.

Revenue growth stays measured

CGI's fiscal 2026 third-quarter revenue reached CAD 4.19 billion, an increase of 2.50 percent from the same quarter a year earlier. The company reported net earnings of CAD 465.2 million, up 13.80 percent year over year, while diluted earnings per share rose 22.50 percent to CAD 2.23.

The operating picture included adjusted earnings before interest and taxes of CAD 681.7 million, up 2.30 percent year over year, with an adjusted margin of 16.30 percent. CGI also generated CAD 604.5 million in cash from operations during the quarter, equal to 14.40 percent of revenue, according to CGI.

What does the target cut mean?

Desjardins' CAD 115.00 target remains above the CAD 106.42 opening price cited in the October 18 analyst overview, while the broader consensus target was CAD 124.00 from 12 research firms, with seven Buy ratings and five Holds, according to MarketBeat. The spread between the individual target and consensus puts the analyst debate on valuation rather than on the latest revenue trend.

Valuation and reporting date

On the NYSE, CGI last stood at USD 78.56 on October 20, 2026 at 3:14 p.m. EDT. Its market capitalization was USD 14.4 billion, its price-to-earnings ratio was 13.70, and its 52-week range was USD 59.63 to USD 95.20. CGI scheduled its fourth-quarter and fiscal 2026 results for November 11, 2026.

For investors, the next report will test whether the 2.50 percent fiscal third-quarter revenue growth can translate into further margin and earnings progress. CGI's fiscal 2026 third-quarter backlog stood at CAD 31.79 billion, equal to 1.90 times annual revenue, while bookings reached CAD 4.20 billion.

Stock position and next report

The current euro quotation gives German investors a dated trading reference, while the company figures remain reported in Canadian dollars. The next scheduled results date is the clearest near-term calendar marker, and the analyst targets provide a separate valuation reference.

CGI stock stood at EUR 69.89 at Lang & Schwarz on October 20, 2026 at 9:12 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of CGI stock.

Market context: Market report S&P/TSX Composite.

More news and analyses on CGI stock