Scotiabank Raises its Price Target on TELUS International (Cda) Inc. (TIXT) to $4.50

With significant hedge fund interest, TELUS International (Cda) Inc. (NYSE:TIXT) secures a spot on our list of the 10 Cheapest Penny Stocks to Buy Now.

On September 25, 2025, Scotiabank raised its price target on TELUS International (Cda) Inc. (NYSE:TIXT) from $3.40 to $4.50.

The price revision follows TELUS Corporation’s agreement on September 2 to fully acquire TELUS International (Cda) Inc. (NYSE:TIXT). The revised target reflects the proposed acquisition price, which is roughly 32% higher than the initial offer price from the acquirer. Amid optimism about the deal, the company’s stock price has shown significant gains prior to Scotiabank’s price revision.

The investment firm believes the deal closure is the best possible outcome for TELUS International (Cda) Inc. (NYSE:TIXT)’s shareholders in the short term, especially given current macroeconomic conditions and the company’s client relations with TELUS Corporation.

TELUS International (Cda) Inc. (NYSE:TIXT) delivers digital customer and AI-driven solutions globally, including cloud and automation services, trust and safety, and AI data solutions. It is one of the 10 Cheapest Penny Stocks to Buy Now.

While we acknowledge the potential of TIXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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