
TSE:WSP
This summary was created by AI, based on 30 opinions in the last 12 months.
WSP Global Inc. has become a focal point amidst the evolving landscape driven by fears surrounding AI disruption. Many experts express confidence in WSP's long-term growth potential, highlighting its robust $17 billion backlog and strategic acquisitions, particularly in the power and energy sectors, which are expected to benefit from increased infrastructure spending. Despite concerns about AI impacting demand for engineering services, experts argue that the unique challenges of large-scale projects, such as bridges and dams, cannot be easily mitigated by AI technologies. WSP's ongoing growth, historical performance, and its global footprint position it as a reliable player in the engineering sector. However, some analysts suggest waiting for a more favorable entry price, indicating the stock's current price may not fully reflect its potential for long-term gains.
Bought it two years ago. They grow organically as well as through mergers. They made a great acquisition, big in environmental, which closed end-2020. WSP guides growing net revenues past 5% 2022-2024, then continuous margin improvement. Strong balance sheet. Can augment organic growth with new buys. The US infrastructure bill will help their growth in the next two years. Has a global presence, too. (Analysts’ price target is $195.43)
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. 5i expects acquisitions to pick up this year. With more acquisitions, it should spark the stock. The broader market sell off has certainly weighed it down. Continues to like the company in the long run with a strong market position and positive economic outlook. Unlock Premium - Try 5i Free
All infrastructure stocks will do well. He's been looking at WSP. He prefers the valuation of Stantec, though. WSP is well run, but the PE is anticipating projects coming in sooner than likely to happen. Governments have delayed infrastructure projects in the past, so keep that in mind. If you own this, hold on. This will be fine long term.