ICICI Securities has initiated coverage on Latent View Analytics giving it an 'Add' rating.
Latent View Analytics has been trading at a premium valuation with a 4-year average P/E of 52x due to its presence in the fast-growing data analytics services sector with premium pricing compared to IT services peers.
The company has established deep relationships with blue chip companies globally.
Latent View aims to reach a revenue milestone of ~$200 million by FY28 by making significant investments in high-growth areas.