BofA upgrades Kainos to 'buy', shares surge.

Kainos surged on Monday after Bank of America upgraded the shares to ‘buy’ from ‘underperform’ and hiked the price target to 1,290p from 960p.

Kainos Group
08 December 2025 14:19:10

Source: Sharecast

The bank said it reckons that better growth momentum can help drive a further re-rating for the IT services provider.

BofA said it sees a sustainable return to strong topline growth over the mid-term, helped by a record backlog and robust bookings momentum.

This is driven by UK contract wins, a return to growth in Workday Services, and strong annual recurring revenue growth in Workday Products.

The bank said: "We believe its unique positioning, strong growth and increasing revenue share of software products should drive a further re-rating."

At 1415 GMT, the shares were up 7% at 1,159p.

FTSE 250 ( MCX )

ISIN: N/A

Exchange: London Stock Exchange

Sell:

0.00

Buy:

0.00

Change: -43.73 ( -0.19 %)

Date:

19/05/2026 - 16:35

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.