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MAJESCO Consensus Forecast

No. of reports in last year
3
No. of analysts
2
Average Consensus Forecast
511.67
Consensus Potential
24.05%

MAJESCO Price Target Potential

BrokerageTargetPotential
ICICIdirect.com3803.59%
HDFC Securities68546.52%

MAJESCO Targets in FrontPage Forums

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0% Bearish
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MAJESCO Ratings

Long term MAJESCO rating by FrontPage users
4/5 (2 Ratings)

3 MAJESCO share price target reports by brokerages below. See what is analyst's view on MAJESCO share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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MAJESCO Share Price Target

MAJESCO Share Price Target - Broker Reports - 2020

1-Jun-20
Price @ Call: 329.14
Target: 380
BUY

MAJESCO Share Price Target - Broker Reports - 2019

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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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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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).
... Read more
11-Feb-19
Price @ Call: 483.8
Target: 769
BUY
8-Feb-19
Price @ Call: 501
Target: 675
BUY

MAJESCO Share Price Target - Broker Reports - 2018

13-Nov-18
Price @ Call: 489.49
Target: 670
BUY
6-Nov-18
Price @ Call: 486.89
Target: 731
BUY
3-Aug-18
Price @ Call: 521.36
Target: 710
BUY
3-Aug-18
Price @ Call: 521.36
Target: 665
BUY
30-Jul-18
Price @ Call: 461.41
Target: 575
BUY
22-Mar-18
Price @ Call: 489.15
Target: 730
BUY
9-Mar-18
Price @ Call: 456.25
Target: 750
BUY

MAJESCO Share Price Target - Broker Reports - 2017

1-Dec-17
Price @ Call: 537.15
Target: 667
BUY
15-Nov-17
Price @ Call: 512.1
Target: 725
BUY
9-Nov-17
Price @ Call: 521.75
Target: 667
BUY
4-Aug-17
Price @ Call: 372
Target: 540
BUY
10-May-17
Price @ Call: 369
Target: 550
BUY
17-Apr-17
Price @ Call: 394
Target: 553
BUY
2-Feb-17
Price @ Call: 370
Target: 573
BUY

MAJESCO Share Price Target - Broker Reports - 2016

26-Aug-16
Price @ Call: 512.62
Target: 678
BUY
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  • MAJESCO Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3382.72
    Upside Target 2376.63
    Upside Target 1372.42
    Pivot366.33
    Downside Target 1362.12
    Downside Target 2356.03
    Downside Target 3351.82
  • MAJESCO Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3409.47
    Upside Target 2394.73
    Upside Target 1383.42
    Pivot368.68
    Downside Target 1357.37
    Downside Target 2342.63
    Downside Target 3331.32
  • MAJESCO Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3445.7
    Upside Target 2412.75
    Upside Target 1386.3
    Pivot353.35
    Downside Target 1326.9
    Downside Target 2293.95
    Downside Target 3267.5
  • MAJESCO Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3376.63
    Upside Target 2372.7
    Upside Target 1370.27
    Pivot366.33
    Downside Target 1362.4
    Downside Target 2359.97
    Downside Target 3356.03
  • MAJESCO Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3394.73
    Upside Target 2384.78
    Upside Target 1378.63
    Pivot368.68
    Downside Target 1358.73
    Downside Target 2352.58
    Downside Target 3342.63
  • MAJESCO Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3412.75
    Upside Target 2390.06
    Upside Target 1376.04
    Pivot353.35
    Downside Target 1330.66
    Downside Target 2316.64
    Downside Target 3293.95
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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