Coforge Surges on JPM Outlook, Eyes 16% Upside

  Published 1 year ago

Coforge hits 5-month high on JPM's 'overweight' rating, 16% upside target, and strong FY26 growth forecasts.

  • J.P. Morgan maintains 'overweight' on Coforge with 2,080 rupee price target for 16% upside.
  • Coforge aims for 14% EBIT margin in FY26 via large deals and robust pipeline, outperforming IT sector peers.
  • Stock down 6% YTD but rated 'buy' vs. 'hold' for Tech Mahindra and Persistent Systems.

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