JP Morgan Recommends "Buy the Dip" for Persistent Systems, Citing Strong Growth Potential

: JP Morgan recommends "buy the dip" due to strong growth potential. They project 21% revenue & 29% PAT CAGR (FY25-27), driven by record deals and AI-focused services. Q3 FY24 saw 30.4% YoY profit growth despite a weak IT quarter. JP Morgan sees it as a "high-quality growth compounder," targeting $5B revenue by FY31.