Needham analyst Mayank Tandon initiated Genpact with a Buy rating and a price target of $44, saying its "healthy" revenue and earnings growth prospects and "predictable" business model offers investors a "solid" mix of offense and defense. The analyst notes that Genpact has struggled in the past as a "captive" of General Electric (GE). Given that company's "improved dynamics" and stronger execution by Genpact however, Tandon contends that its 16.5-times expected forward earnings multiple valuation - a discount to the BPO/IT peer group - offers a "compelling" entry opportunity.