23 July 2026 | 3:33PM JST Equity Research Baycurrent (6532.T) Raising GSe/target price; demand for AI, security, and defense consulting outpacing expectations; AI disruption risk limited, acting as a tailwind instead; maintain Buy 6532.T 12m Price Target: ¥8,400 Price: ¥6,220 Upside: 35.0% We update our earnings estimates mainly in light of 1Q2/27 (March-May) results (see our 1Q results report). Reflecting stronger-than-expected consulting demand relating to AI, security, and defense, we raise our FY2/27-FY ...