FrontPage is India's Stock Market Social Network
Join 50,000+ Traders and Investors

MINDTREE Consensus Forecast

No. of reports in last year
27
No. of analysts
11
Average Consensus Forecast
2198.33
Consensus Potential
-51.26%

MINDTREE Price Target Potential

BrokerageTargetPotential
Prabhudas Lilladher2567-8.90%
AnandRathi10825.0374.18%
Edelweiss28210.90%
Motilal Oswal2180-28.23%
ICICIdirect.com2390-16.97%

MINDTREE Targets in FrontPage Forums

8 Users have submitted 8 trade ideas of Rs. 1,869,699.5 for MINDTREE
100% Bullish
0% Bearish
See buy or sell ideas on FrontPage Forums >>

MINDTREE Ratings

Long term MINDTREE rating by FrontPage users
3.3/5 (10 Ratings)

27 MINDTREE share price target reports by brokerages below. See what is analyst's view on MINDTREE 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.
  1. Home
  2. MINDTREE Forum
  3. MINDTREE Price Target

MINDTREE Share Price Target

MINDTREE Share Price Target - Broker Reports - 2021

21-May-21
Price @ Call: 2123.25
Target: 2567
BUY
18-Apr-21
Price @ Call: 2045
Target: 10825.03
HOLD
16-Apr-21
Price @ Call: 2067.6
Target: 2821
BUY
17-Apr-21
Price @ Call: 2068
Target: 2180
NEUTRAL
17-Apr-21
Price @ Call: 2069
Target: 2390
BUY
19-Apr-21
Price @ Call: 2094.35
Target: 2275
BUY
18-Apr-21
Price @ Call: 2070
Target: 1893
SELL
19-Apr-21
Price @ Call: 2078.1
Target: 2567
BUY
17-Mar-21
Price @ Call: 1988.35
Target: 2170
BUY
19-Jan-21
Price @ Call: 1708.16
Target: 1735
ADD
18-Jan-21
Price @ Call: 1677.71
Target: 1560
SELL
19-Jan-21
Price @ Call: 1708.16
Target: 1765
BUY
19-Jan-21
Price @ Call: 1708.16
Target: 1920
BUY
19-Jan-21
Price @ Call: 1708.16
Target: 1735
BUY
19-Jan-21
Price @ Call: 1677.71
Target: 1788
ACCUMULATE
19-Jan-21
Price @ Call: 1677.71
Target: 1970
BUY
19-Jan-21
Price @ Call: 1677.71
Target: 1940
BUY

MINDTREE Share Price Target - Broker Reports - 2020

3-Dec-20
Price @ Call: 1435.02
Target: 1550
NEUTRAL
4-Dec-20
Price @ Call: 1437.06
Target: 1680
BUY
19-Oct-20
Price @ Call: 1329.18
Target: 1468
BUY
15-Oct-20
Price @ Call: 1483.88
Target: 1190
SELL
16-Oct-20
Price @ Call: 1328.15
Target: 1450
ADD
16-Oct-20
Price @ Call: 1328.15
Target: 1680
BUY
16-Oct-20
Price @ Call: 1328.15
Target: 1544
ACCUMULATE
16-Oct-20
Price @ Call: 1328.15
Target: 1550
NEUTRAL
16-Oct-20
Price @ Call: 1328.15
Target: 1517
HOLD
16-Oct-20
Price @ Call: 1328.15
Target: 1625
BUY
15-Jul-20
Price @ Call: 973
Target: 888
REDUCE
Mindtree reported revenue de-growth of 9.1% in QoQ vs our estimates of 7.1% CC decline. Volumes were up 4% YoY. Pricing was down 5.2% YoY, mainly driven by lower revenue from travel and hospitality segment. Travel & Hospitality reported 55% QoQ decline followed by 7% QoQ decline in Manufacturing & Retail & 9.5% QoQ decline in BFSI. Management mentioned that uncertainty will continue in TTH in next quarter also but overall revenue decline will be much lower as it was in present quarter. The top client growth was excellent and grew at 10.5% QoQ and 43.7% YoY to US$76 mn but, this has resulted in significant increase in top client concentration to 30% of revenues from 24.8% in 4QFY20 and 20.1% in 1QFY20. We maintain our Reduce rating as we consider stock valuations expensive against the downturn of discretionary spends & top client concentration (30% of revenues). Our EPS estimates are upgraded on account on better margin performance, change in deprecation policy & higher other income. We value MTCL at 14X Sep-22 EPS of Rs. 63.5 to arrive at changed TP of Rs.888. MTCL is trading at 16X/15X FY22/23E earnings of Rs.61/66 respectively.
... Read more
24-Apr-20
Price @ Call: 772.4
Target: 945
BUY
Mindtree’s Q4FY20 numbers topped expectations—revenue, up 1.2% QoQ USD, outclassed Street’s 0.3% estimate while adjusted EBIT margin, up 150bps QoQ to 13.5%, also beat the forecast. Top-line growth was again driven by the top account while the Hi-tech vertical masked the softness in other verticals. The constant improvement in delivery capabilities is mainly due to almost zero supply-side snags in a quarter marred by operational challenges for the industry at large. Given its strong deal-wins (record USD393mn), Mindtree looks better positioned than mid-cap peers to weather the imminent near-term storm as demand may hit its nadir in H1FY21E. This coupled with an expanding margin trajectory, not to mention a strong USD (weak INR), underpins our unchanged 18x Q2FY22E EPS. The stock is trading at 17.6x FY21E EPS. Retain ‘BUY’ with a TP of INR945.
... Read more
27-Apr-20
Price @ Call: 782
Target: 532
SELL
26-Apr-20
Price @ Call: 772.4
Target: 680
REDUCE
16-Jan-20
Price @ Call: 883.3
Target: 945
BUY
We believe the company’s strategy to increase annuity business will provide long term visibility to revenues. In addition, the company’s aim to improve margins via employee pyramid, offshoring, pricing, utilisation and annuity business bodes well for the profit growth. Further, the company has changed the forex hedging strategy to a three year period, which will provide better PAT margin visibility. Based on these factors, we revise our EPS and multiple upwards leading to a revised target price of Rs 945/share. However, the recent run up in the stock prompts us to maintain HOLD rating on the stock. Key things to watch out in coming quarters are: 1) attrition, 2) deal TCV and 3) digital revenue growth.
... Read more
15-Jan-20
Price @ Call: 863.75
Target: 985
NEUTRAL
Historically, difference in business mix translated into bloated employee cost due to (1) lower utilizations and (2) higher sales intensity. Employee + sub- con expenses formed 71% of revenue v/s 66% for LTI (last three year avg.). In that context, the shift in business mix toward more of manage services should translate into headroom for (1) utilization improvement, (2) pyramid correction and (3) reduction in sales intensity. However, the impact of this should be offset by correction in higher yields (MTCL has 9%-10% higher revenue per utilized tech emp. v/s LTI). The recent sharp rally in the stock price and rich multiples (19x one year forward P/E) factor in the key positives and do not leave any margin of safety. Given the softness in deal wins this quarter and increasing client concentration, we await a better entry point.
... Read more
15-Jan-20
Price @ Call: 863.75
Target: 808
REDUCE
We have increased our EPS estimates by 5%/3%/0.1% for FY20E/21E/22E to Rs.38/50/57.7 which is mainly led by i) replaced hedging strategy (US$887mn of cash flow hedges at avg rate of Rs. 75.44/US$) & ii) increase in EBIT margin assumption. The change in hedging policy has changed after L&T took control. These hedges may lead to Fx gain in a stable currency environment. We have maintained our revenue growth estimates of 8.8% CAGR from FY20E-22E. We continue to maintain Reduce rating on MTCL as we believe the current margin expansion is already build up in valuations. Value MTCL at 14.5X earnings on Sep-21 EPS of Rs.54 to arrive at changed target price of Rs. 808. Stock is currently trading at 17.3x/15x on FY21/22E.
... Read more

MINDTREE Share Price Target - Broker Reports - 2019

4-Dec-19
Price @ Call: 739.1
Target: 770
HOLD
Management believes that Mindtree is now running at low margins (Q2EBIT margin 9.3%, FY19 12.8%) and needs to be more efficient operationally (no quantification was provided). It expects utilisation, pyramid and offshoring to be key levers ahead, and considers margins as the number one priority today (after which it is growth acceleration). It believes that attrition has peaked in Q2 and will start coming off from Q3. Mindtree has 343 active clients and is looking to curtail the long tail to focus more on its top 25 accounts. The scrip now trades at 16x FY21e EPS and 9x FY21e EBITDA, which seems fair to us.
... Read more
18-Oct-19
Price @ Call: 728
Target: 760
NEUTRAL
We maintain NEUTRAL on Mindtree following an in-line 2QFY20. Recovery in BFSI and operating trajectory is offset by volatility in large accounts/attrition spike. Our TP of Rs 760 implies 14x Sep-21E EPS.
... Read more
17-Oct-19
Price @ Call: 743.3
Target: 853
BUY
Mindtree reported a resilient set of Q2FY20 numbers—while 2.7% QoQ USD revenue growth beat Street’s 2.6% estimate, the 40bps QoQadjusted EBITDA margin jump to 13.0% surpassed the 12.9% estimate. Digital, up 16% YoY, now constitutes 38% of revenue. While revenue spurt was, yet again, spearheaded by momentum in the top account, adjusted margin expansion QoQ was mostly led by forex gains as operational efficiencies offset wage hike impact. We are enthused by thenew management’s capability and believe Mindtree is firmly set to clock robust growth going forward. Led by the strong revenue momentum, despite corporate upheavals, we revise up FY20/FY21E revenue 3.5/4.8%. The stock is trading at 19.7x FY20E EPS. Retain ‘BUY’ with revised targetprice of INR853 (INR824 earlier) as we roll over to Q4FY21E.
... Read more
17-Oct-19
Price @ Call: 743.3
Target: 760
BUY
After a poor start to the year, Mindtree has made a decent recovery on both revenue and margin front in 2QFY20. Ramp-up of large deals along with improved operating efficiency will drive 2HFY20 performance. Top client saw robust growth in 2QFY20, and the company believes there is good scope for further engagement. All-round growth along with decent YoY TCV growth sets Mindtree up nicely for the remainder of FY20. However, current valuation that too amid challenging macro environment is not quite supportive enough for us to change our stance on the stock. Rolling over our estimate to FY22E, we maintain our HOLD recommendation on the stock with a revised Target Price of Rs760 (from Rs740 earlier), valuing it at 16x average of FY21E and FY22E EPS.
... Read more
17-Oct-19
Price @ Call: 743.3
Target: 532
SELL
16-Oct-19
Price @ Call: 733.42
Target: 716
REDUCE
11-Oct-19
Price @ Call: 732.14
Target: 896
BUY
23-Sep-19
Price @ Call: 719.4
Target: 805
BUY
Digital focus to attain higher growth momentum: The company remains actively focused on Digital, which continues growing ahead of company average. Proportion of Digital in overall revenue at 49.5% is the highest amongst peers. Currently it is trading at less than mean valuation (valuation calculated on last six years). We expect a strong recovery due to change in the management and positive outlook going ahead. We maintain a BUY with a target price of Rs. 805.
... Read more
18-Jul-19
Price @ Call: 751.95
Target: 531
REDUCE
We retain our Sell rating with target price of Rs531 (at a target P/E of 9.9x FY21E EPS). The target P/E is at a 40% discount to TCS’ target P/E multiple. The large discount is because of: (1) Lack of adequate differentiation. (2) Vendor consolidation risk. (3) Less-than-adequate digital and automation capabilities. (4) Unhealthy reliance on its top account for growth
... Read more
18-Jul-19
Price @ Call: 751.95
Target: 635
REDUCE
Valuation & Outlook: The company’s order intake has remained robust despite uncertainties in leadership. However, long duration deals and BFSI recovery is necessary to keep the momentum going. In addition, the risk of attrition due to changes in leadership and management, subdued margins in FY20E, currency headwind and rising cost remain key near term concerns. Hence, we downgrade the stock from HOLD to REDUCE with a revised target price of | 635/share (~13x FY21E EPS).
... Read more
19-Apr-19
Price @ Call: 976.26
Target: 1080
HOLD
Valuations: At CMP of Rs 972, Mindtree is trading at FY20E and FY21E, P/E multiples of 17.9x and 15.8x respectively. We maintain our FY20E/FY21E estimates, however cut our target P/E multiple to 17.5x from 18.5x earlier to factor in the current uncertainty regarding continuation of existing management in the light of L&T open offer. We now value the stock at FY21E target P/E multiple of 17.5x, which yields a target price of Rs 1080 per share. We are positive on the future prospects of Mindtree and recommend a Hold rating with a revised target price of Rs 1080, which gives an upside potential of 11.1%.
... Read more
18-Apr-19
Price @ Call: 976.26
Target: 1040
NEUTRAL
We maintain NEUTRAL on Mindtree following inline 4QFY19. Our TP is Rs 1,040 implying 18x FY21E, with ~2% change in est. Mindtree’s growth trajectory expected to lower following stellar show in FY19 (year of rev acceleration and margin expansion) as growth dichotomy between top account (36% CAGR over FY16-19) and residual biz (8% CAGR) normalises. The risk of high velocity (attrition) and low velocity (client metrics) cannot be ignored in the current scenario. FCF conversion also moderated on higher capex. We expect USD rev/EPS at 12/14% CAGR over FY19-21E, however at ~17x FY21E (vs. 13.5x for midcap IT) upside seems capped.
... Read more
18-Apr-19
Price @ Call: 972.15
Target: 1040
NEUTRAL
We maintain NEUTRAL on Mindtree following inline 4QFY19. Our TP is Rs 1,040 implying 18x FY21E, with ~2% change in est. Mindtree’s growth trajectory expected to lower following stellar show in FY19 (year of rev acceleration and margin expansion) as growth dichotomy between top account (36% CAGR over FY16-19) and residual biz (8% CAGR) normalises. The risk of high velocity (attrition) and low velocity (client metrics) cannot be ignored in the current scenario. FCF conversion also moderated on higher capex. We expect USD rev/EPS at 12/14% CAGR over FY19-21E, however at ~17x FY21E (vs. 13.5x for midcap IT) upside seems capped.
... Read more
18-Apr-19
Price @ Call: 972.15
Target: 1100
BUY
No meaningful change to our estimates or target. We value Mindtree at 19x FY21e EPS, the same as before, reflecting its ability to deliver better growth and scope for margin expansion.
... Read more
18-Apr-19
Price @ Call: 972.15
Target: 563
SELL
Post 4QFY19, our estimates remain broadly the same for FY20/FY21. We retain our Sell rating on the stock with a target price of Rs563 (at a target P/E of 9.9x FY21E EPS). The target P/E is at a 40% discount to TCS’ target P/E multiple. The large discount is because of: (1) Lack of adequate differentiation. (2) Vendor consolidation risk. (3) Less-than- adequate digital and automation capabilities. (4) Unhealthy reliance on its top account for growth.
... Read more
18-Apr-19
Price @ Call: 972.15
Target: 1000
NEUTRAL
Our revenue/earnings estimates are largely unchanged post the results. Over FY19-21, we expect USD revenue CAGR of 12.4% and earnings CAGR of 17%. MTCL trades at 18.4/15.5x FY20/21E earnings. Our TP of INR1,000 discounts forward earnings by 16x and implies an upside of 3%. Maintain Neutral.
... Read more
18-Apr-19
Price @ Call: 972.15
Target: 1012
HOLD
18-Apr-19
Price @ Call: 972.15
Target: 873
REDUCE
Though MTCL has posted a growth a strong revenue growth of 16% YoY in FY19, management has guided a low teens revenue guidance for FY20E. Mindtree has a higher exposure to discretionary spending which have short durations and requires strong communication with the clients hence making people continuity more important. We believe managing people aspects & cultural integration is critical in any acquisition process. We expect 11% & 13% USD revenue & EPS CAGR for FY19E-FY21E respectively & value MTCL at 15x Mar-21 earnings to arrive at an unchanged target price of Rs.873. Capital allocation strategy & open offer restricts downside risk in near term. Maintain Reduce.
... Read more
20-Mar-19
Price @ Call: 943
Target: 554
SELL
Not too long back, Elliott capital management – a hedge fund- with a relatively small stake, changed the strategy of Cognizant from a company focused primarily on growing market share to a company focused on better margins and also on capital return to shareholders. We retain our Sell rating on MTCL with a target price of Rs554 (at a target P/E of 9.9x March 2021E EPS). This target price is based on fundamentals of MTCL and the quality of its business on a standalone basis. Over the next several months, as the takeover battle plays out, we believe the stock price is likely to remain at an elevated level (get disconnected from fundamentals) and give investors an opportunity to exit. The target P/E is at a discount to TCS’ target P/E multiple by 40%. The large discount on the stock is because of: (1) Lack of adequate differentiation. (2) Vendor consolidation risk. (3) Less-than-adequate digital and automation capabilities. (4) Unhealthy reliance on its top account for growth.
... Read more
20-Mar-19
Price @ Call: 943
Target: 1000
NEUTRAL
The turn of events may be understandably unsettling for some employees/clients, where the risks of attrition cannot be ignored. The development may also consume a substantial bandwidth of the founders, key personnel in the business. MTCL’s stock is up 12% since its 3QFY19 results, and our target price of INR1,000 now implies only 6% upside. As a consequence of the aforementioned factors, we are downgrading our rating to Neutral.
... Read more
15-Mar-19
Price @ Call: 950.75
Target: 1050
BUY
21-Jan-19
Price @ Call: 897.76
Target: 1056
BUY
21-Jan-19
Price @ Call: 897.76
Target: 553
SELL
18-Jan-19
Price @ Call: 867.4
Target: 1140
BUY
18-Jan-19
Price @ Call: 867.4
Target: 930
HOLD
18-Jan-19
Price @ Call: 867.4
Target: 1056
BUY
17-Jan-19
Price @ Call: 836.6
Target: 980
ACCUMULATE
17-Jan-19
Price @ Call: 836.6
Target: 1000
BUY
17-Jan-19
Price @ Call: 836.6
Target: 1140
BUY

MINDTREE Share Price Target - Broker Reports - 2018

22-Nov-18
Price @ Call: 842.14
Target: 885
HOLD
19-Oct-18
Price @ Call: 834.61
Target: 1080
BUY
20-Oct-18
Price @ Call: 834.61
Target: 1210
BUY
20-Oct-18
Price @ Call: 834.61
Target: 778
SELL
20-Oct-18
Price @ Call: 834.61
Target: 1080
BUY
19-Oct-18
Price @ Call: 981.7
Target: 1125
BUY
19-Oct-18
Price @ Call: 981.7
Target: 1140
BUY
6-Sep-18
Price @ Call: 1132.72
Target: 1245
HOLD
4-Sep-18
Price @ Call: 1131.79
Target: 1260
BUY
20-Jul-18
Price @ Call: 970.45
Target: 1100
ACCUMULATE
20-Jul-18
Price @ Call: 970.45
Target: 1055
BUY
19-Jul-18
Price @ Call: 1057.75
Target: 1115
BUY
19-Jul-18
Price @ Call: 1076.78
Target: 1225
BUY
19-Jul-18
Price @ Call: 1076.78
Target: 1200
ACCUMULATE
11-Jun-18
Price @ Call: 1030.37
Target: 1200
BUY
20-Apr-18
Price @ Call: 954.83
Target: 1000
BUY
19-Apr-18
Price @ Call: 891.48
Target: 825
SELL
19-Apr-18
Price @ Call: 866.3
Target: 1000
BUY
18-Jan-18
Price @ Call: 623.45
Target: 725
BUY
18-Jan-18
Price @ Call: 623.45
Target: 725
BUY

MINDTREE Share Price Target - Broker Reports - 2017

12-Dec-17
Price @ Call: 559.26
Target: 426
SELL
12-Dec-17
Price @ Call: 559.26
Target: 650
BUY
22-Nov-17
Price @ Call: 506.1
Target: 600
BUY
19-Sep-17
Price @ Call: 474.5
Target: 525
ADD
23-Aug-17
Price @ Call: 455.55
Target: 470
HOLD
22-Aug-17
Price @ Call: 461.55
Target: 382
SELL
19-Jul-17
Price @ Call: 507
Target: 450
SELL
7-Jul-17
Price @ Call: 546.15
Target: 440
SELL
3-May-17
Price @ Call: 488.82
Target: 500
BUY
21-Apr-17
Price @ Call: 442
Target: 485
HOLD
20-Apr-17
Price @ Call: 441.01
Target: 475
BUY
20-Jan-17
Price @ Call: 485
Target: 430
SELL
20-Jan-17
Price @ Call: 473
Target: 490
HOLD

MINDTREE Share Price Target - Broker Reports - 2016

21-Apr-16
Price @ Call: 724
Target: 775
HOLD
2-Sep-16
Price @ Call: 550
Target: 570
ACCUMULATE
22-Oct-16
Price @ Call: 479
Target: 510
ACCUMULATE
7-Sep-16
Price @ Call: 521.6
Target: 550
HOLD
6-Sep-16
Price @ Call: 509.95
Target: 425
SELL
Join FrontPage
FrontPage is India's favorite stock discussions community
Join 2,00,000 Indian traders and discuss trades, strategies, news & views on any stock.
  • MINDTREE Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 33,091.47
    Upside Target 23,017.73
    Upside Target 12,941.47
    Pivot2,867.73
    Downside Target 12,791.47
    Downside Target 22,717.73
    Downside Target 32,641.47
  • MINDTREE Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 33,249.13
    Upside Target 23,096.57
    Upside Target 12,980.88
    Pivot2,828.32
    Downside Target 12,712.63
    Downside Target 22,560.07
    Downside Target 32,444.38
  • MINDTREE Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 32,976.12
    Upside Target 22,797.23
    Upside Target 12,698.87
    Pivot2,519.98
    Downside Target 12,421.62
    Downside Target 22,242.73
    Downside Target 32,144.37
  • MINDTREE Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 33,017.73
    Upside Target 22,960.43
    Upside Target 12,925.03
    Pivot2,867.73
    Downside Target 12,810.43
    Downside Target 22,775.03
    Downside Target 32,717.73
  • MINDTREE Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 33,096.57
    Upside Target 22,994.1
    Upside Target 12,930.79
    Pivot2,828.32
    Downside Target 12,725.85
    Downside Target 22,662.54
    Downside Target 32,560.07
  • MINDTREE Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 32,797.23
    Upside Target 22,691.32
    Upside Target 12,625.89
    Pivot2,519.98
    Downside Target 12,414.07
    Downside Target 22,348.64
    Downside Target 32,242.73
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.
PrivacyTerms
FrontPage © 2020