The decision marks the third loss handed to Trump in two days, with the first two being retention of Lisa Cook as the Fed governor and rejection to his to overturn a $5 million civil judgment awarded to writer E. Jean Carro in a sexual assault case.
The brokerage believes the target valuation appears reasonable compared to global digital engineering peers, considering Nagarro's strong European franchise, diversified client base, and complementary capabilities in AI, SAP, and enterprise applications.