Not a good buy right now for an impatient entry: the broader trend is still bearish (SMA_200 > SMA_20 > SMA_5) and price is below the pivot (85.90), so upside attempts face nearby resistance.
Today’s +3.82% regular-session pop looks more like a rebound within a downtrend than a confirmed trend reversal.
Options positioning is mixed-to-cautious (very high put open interest vs calls), which typically caps aggressive bullish conviction.
Fundamentals/news are constructive (Q1 growth, strong book-to-bill/backlog, small tuck-in acquisition), but the market/Street narrative still highlights softer discretionary IT spending risk.
Trend/Momentum: Bearish structure with moving averages stacked down (SMA_200 > SMA_20 > SMA_5); momentum still negative.
MACD: Histogram at -0.916 (below zero) but negatively contracting, suggesting downside pressure is easing (early rebound potential, not a reversal confirmation).
RSI(6): 34.53 (weak/near-oversold zone), consistent with a bounce risk, but not a strong standalone buy trigger.
Levels: Current ~82.71 is below Pivot 85.90; upside resistance near 85.90 then 91.94 (R1). Key support at 79.87 (S1) then 76.14 (S2).
Options Data
Bearish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Positioning: Put Open Interest (1530) vs Call Open Interest (346) => OI put/call 4.42, signaling heavy put positioning (bearish or hedging).
Flow (today): Very small volume (10 total) but put/call volume ratio 0.11 implies calls traded more than puts today (short-term speculative optimism).
Volatility: IV percentile 93.63 (options priced rich vs their own history), which often reflects elevated uncertainty and can reduce the attractiveness of chasing directional trades via options.
Activity: Today’s volume vs 30D avg is high (11.9x), but from a low base—treat as a sentiment hint, not a definitive signal.
Technical Summary
Sell
9
Buy
1
Positive Catalysts
strengthens Atlanta presence and digital engineering capabilities.
Technical backdrop remains bearish despite the bounce; price still below pivot and under key moving averages.
Street concern: exposure to discretionary IT spending; commentary notes softer sales trends and prior sub-100% book-to-bill periods (risk to near-term organic growth).
Options market: very high put open interest can signal persistent caution/hedging demand.
Macro/policy headlines (tariffs/trade tensions) can pressure enterprise spending sentiment broadly, even if not CGI-specific.
Net income: C$442.0M, +0.78% YoY (profit growth lagged revenue).
EPS: +5.73% YoY to 2.03 (better than net income growth, likely helped by mix/buybacks).
Gross margin: 16.08%, -0.37% YoY (slight margin compression to monitor).
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent rating/target trend: mixed—multiple firms reiterate Buy but several targets were trimmed; at least one downgrade to Neutral/Hold signals tempered confidence.
Notable updates: TD Securities raised target to C$153 (Buy); Canaccord trimmed to C$150 (Buy); CIBC trimmed to C$132 (Neutral); Scotiabank initiated Sector Perform at C$140.
Cons: organic growth seen lagging peers; discretionary IT spending exposure could weigh through at least 1H 2026.
Influential/political trades: No recent congress trading data available; hedge fund and insider activity reported as neutral.
Wall Street analysts forecast GIB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GIB is 129.22 USD with a low forecast of 81 USD and a high forecast of 270 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
Wall Street analysts forecast GIB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GIB is 129.22 USD with a low forecast of 81 USD and a high forecast of 270 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 82.660
Low
81
Averages
129.22
High
270
Current: 82.660
Low
81
Averages
129.22
High
270
TD Securities
David Kwan
Buy
upgrade
$145 -> $153
AI Analysis
2026-01-29
Reason
TD Securities
David Kwan
Price Target
$145 -> $153
AI Analysis
2026-01-29
upgrade
Buy
Reason
TD Securities analyst David Kwan raised the firm's price target on CGI to C$153 from C$145 and keeps a Buy rating on the shares.
Canaccord
Buy
downgrade
$155 -> $150
2026-01-29
Reason
Canaccord
Price Target
$155 -> $150
2026-01-29
downgrade
Buy
Reason
Canaccord lowered the firm's price target on CGI to C$150 from C$155 and keeps a Buy rating on the shares.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for GIB
