05:37 AM EDT, 08/19/2026 (MT Newswires) -- FAB Securities reiterated its investment view on Presight AI (ADX:PRESIGHT) following the release of the artificial intelligence and data analytics company's earnings for the second quarter. "We maintain our BUY rating on Presight AI with a target price of AED 4.20. The Company recorded a healthy growth in net profit during 2Q26, due to strong growth in revenue driven by strong execution, robust order momentum and continued expansion across both domestic and international markets. Presight's order pipeline remains robust, with AED 2.5 Bn of UAE orders secured during 2Q26, taking its backlog to AED 4.9 Bn, while the 1.4x average book-to-bill ratio and 4.2-year average contract duration provide good visibility over future revenue," analysts said in a Tuesday first look note. For the second quarter, Presight AI logged a 33.9% year-over-year increase in net profit to 103 million Emirati dirhams, which aligned with FAB's forecast. Revenue also rose during the quarter to 713 million dirhams, compared with the research firm's 710 million-dirham estimate. "Presight also maintained its medium-term guidance, targeting 2025-2029 CAGRs of 20-25% for revenue, 23-28% for EBITDA and 21-26% for net profit. Moreover, the company expects required 2H26 contribution to full year outturn (2026) with group revenue contributing between (61.4-63.0%), group EBITDA contributing between (68.7-69.9%) and group profit after Tax contributing between (68.9-70.1%)," analysts added.

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