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MAJESCO Share Price Target

Majesco Ltd.
Sector: Information Technology
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MAJESCO Share Price *
399 +1.3 (0.33%)
* (quote may be delayed)
MAJESCO Share Price Forecast - Consensus
No. of reports in last year
5
No. of analysts
3
Average Consensus Forecast
647.80
Consensus Potential
36.91%

MAJESCO Share Price Target - Broker Reports - 2019

HDFC Securities
19-Aug-19
Price @ Call: 419.7
Target: 685
BUY
We maintain BUY on Majesco following slight miss on revenue & margins in 1QFY20. Revenue grew despite a steep fall in the cloud revenue and margin expansion (lower than est.) was healthy. The order backlog is robust and cloud deal wins are stable. We await a large deal win from the IBM/Capgemini channel. Our TP of Rs 685 implies EV/rev multiple of 2.0x on June-FY21 rev.
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ICICIdirect.com
16-Aug-19
Price @ Call: 422.54
Target: 470
HOLD
we expect growth in cloud revenues to be under pressure due to completion of IBM-MetLife deal and time gap in scaling up subscription revenues. Further, we lower our margin estimates for FY20E and expect a gradual improvement over FY19-21E. Hence, we maintain HOLD rating on the stock. We value Majesco US (Majesco India holds 70.3% stake) at 3x market cap/sales, which is at ~70% discount to global peers such as Guidewire to account for modest growth/margin profile. After considering aholding company discount of 35%, Majesco India’s 70.3% stake in MajescoUS works out to Rs 470/share.
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Reliance Securities
18-May-19
Price @ Call: 497.21
Target: 640
BUY
From strategic perspective, we believe Majesco is on the right track in terms of focusing substantially on building out a Cloud-based business and defocusing on the on-premise model. Digital transformation in the insurance industry – both P&C and L&A – continues to play out and Majesco appears well-positioned to benefit from the same. Recent appointment of new CEO along with several market and client-facing roles, should ensure continued focus on the front-end. Tweaking our revenue estimates by 1-3% for forward years, we maintain our BUY recommendation on the stock with a revised Target Price of Rs640 (from Rs683 earlier).
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HDFC Securities
11-Feb-19
Price @ Call: 483.8
Target: 769
BUY

Reliance Securities
8-Feb-19
Price @ Call: 501
Target: 675
BUY

MAJESCO Share Price Target - Broker Reports - 2018

ICICIdirect.com
13-Nov-18
Price @ Call: 489.49
Target: 670
BUY

HDFC Securities
6-Nov-18
Price @ Call: 486.89
Target: 731
BUY

HDFC Securities
3-Aug-18
Price @ Call: 521.36
Target: 665
BUY

ICICIdirect.com
3-Aug-18
Price @ Call: 521.36
Target: 710
BUY

AnandRathi
30-Jul-18
Price @ Call: 461.41
Target: 575
BUY

Reliance Securities
22-Mar-18
Price @ Call: 489.15
Target: 730
BUY

Reliance Securities
9-Mar-18
Price @ Call: 456.25
Target: 750
BUY

MAJESCO Share Price Target - Broker Reports - 2017

Reliance Securities
1-Dec-17
Price @ Call: 537.15
Target: 667
BUY

ICICIdirect.com
15-Nov-17
Price @ Call: 512.1
Target: 725
BUY

Reliance Securities
9-Nov-17
Price @ Call: 521.75
Target: 667
BUY

HDFC Securities
4-Aug-17
Price @ Call: 372
Target: 540
BUY

HDFC Securities
10-May-17
Price @ Call: 369
Target: 550
BUY

HDFC Securities
17-Apr-17
Price @ Call: 394
Target: 553
BUY

HDFC Securities
2-Feb-17
Price @ Call: 370
Target: 573
BUY

MAJESCO Share Price Target - Broker Reports - 2016

Reliance Securities
26-Aug-16
Price @ Call: 512.62
Target: 678
BUY

  • MAJESCO - Share Price Target Potential

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    BrokerageTargetPotential
    HDFC Securities68541.94%
    ICICIdirect.com47015.38%
    Reliance Securities64037.86%