Wedbush analyst Moshe Katri maintained raised his price target on Virtusa to $60 from $55 and maintained an Outperform rating on shares following the announcement that Virtusa has acquired eTouch for $140M in cash. In a research note to investors, Katri said he expects the eTouch acquisition to expand the company's FY19's social, mobile, analytics and cloud space revenue mix to 39%. He believes Virtusa's results will continue to benefit from a gradual IT spending recovery in the Financial Services vertical, helping accelerate top-line growth, while scaling margins.