NETSOL - initial target of 10% upside

9 Jun 2023

After witnessing a rapid recovery in IT stocks worldwide, especially on the NASDAQ, it seems that a similar trend may be expected in Pakistan's IT sector in the near future. The IT sector is poised to be a significant beneficiary of the current economic environment, with the government likely to provide further tax rebates. Given this outlook, I hold a bullish stance on the IT sector and have identified NETSOL and TRG as top picks.

Currently, NETSOL is trading at $80. I have set an initial target of 10% upside, and once this target is achieved, we can review and discuss the next set of targets.

Please note that the above analysis represents my personal opinion as a financial analyst. It is important to conduct further research and analysis before making any investment decisions.