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OFSS Consensus Forecast

No. of reports in last year
No. of analysts
Average Consensus Forecast
Consensus Potential

OFSS Price Target Potential


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OFSS Ratings

Long term OFSS rating by FrontPage users
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0 OFSS share price target reports by brokerages below. See what is analyst's view on OFSS 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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OFSS Share Price Target

OFSS Share Price Target - Broker Reports - 2018

Price @ Call: 4012.62
Target: 4650
Despite the decline in new license revenue, OFSS has seen healthy deal signings in the new license sales; bookings have grown 40% YoY to USD 28mn as on Q1FY19 led by the new OBP deal win. The management indicated of one more large OBP deal in the pipeline and expects license revenue to cross USD 100mn for full year FY19 (over 13% YoY growth in bookings) we have estimated license revenue growth of 14% YoY in FY19. This will have a positive impact on the implementation and maintenance revenue which is too slated to grow by 7% and 9% respectively in FY19; however, we expect growth in implementation not to be strong enough as large portion of the work continues to get passed on to partners. Services and KPO segment which contribute 11% of revenue together are expected to report muted single digit growth in the near term. Headwinds persist for the margin in product segment in the form of higher R&D in anticipation of new product launches; expect EBITDA margin to remain in a narrow band of 40.6%-41.3% over the next two years. We upgrade our earnings estimates by 9% for FY20/FY21 factoring positive impact of rupee depreciation and slightly higher growth imp./AMC revenue. We upgrade OFSS to an Accumulate (Reduce earlier) rating and rollover to a Sep’19 target price of ` 4,650 (` 4,250 earlier) based on 21.5x one-year fwd.
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Price @ Call: 3757.96
Target: 4480
Upgrade to BUY. The stock has underperformed the BSE IT Index by 19% YTD and the PER gap vs. global peers such as Temenos has widened (43% vs. 3-year median of 11%). Valuations are also inexpensive compared with its Indian IT services peers; OFSS trades at c.4% PER discount to TCS (TCS IN; HOLD) vs. the 3-year median premium of 28%. With seasonally stronger quarters ahead, recovery in license sales growth should be easy to achieve – a potential trigger for rerating – in our view.
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OFSS Share Price Target - Broker Reports - 2017

Price @ Call: 3700.1
Target: 3900
We believe, OFSS may outperform vs large cap IT peers given its better earnings growth prospects (CAGR of 9% - FY18-20); however, concerns remain regarding sustainability of new license revenue growth in the medium term as growth in the former is usually lumpy in nature. The stock is currently trading at fair valuations of 19.4x/17.3x based on FY19/FY20. We marginally revise our estimates (1.5%-3%) factoring better revenue growth; maintain our ACCUMULATE rating and rollover to Sep’18 TP of ` 3,900 (` 3,800 earlier) based on 19.5x one yr fwd. PER.
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Price @ Call: 3657
Target: 3308

OFSS Share Price Target - Broker Reports - 2016

Price @ Call: 3137
Target: 3212
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  • OFSS Share Price Target Today- Technical Pivot Points (Classic)

    Upside Target 34,648.02
    Upside Target 24,551.38
    Upside Target 14,433.42
    Downside Target 14,218.82
    Downside Target 24,122.18
    Downside Target 34,004.22
  • OFSS Share Price Target weekly- Technical Pivot Points (Classic)

    Upside Target 35,273.63
    Upside Target 24,961.82
    Upside Target 14,638.63
    Downside Target 14,003.63
    Downside Target 23,691.82
    Downside Target 33,368.63
  • OFSS Share Price Target monthly- Technical Pivot Points (Classic)

    Upside Target 34,127
    Upside Target 23,960.5
    Upside Target 13,806
    Downside Target 13,485
    Downside Target 23,318.5
    Downside Target 33,164
  • OFSS Share Price Target today- Technical Pivot Points (Fibonacci)

    Upside Target 34,551.38
    Upside Target 24,469.41
    Upside Target 14,418.76
    Downside Target 14,254.81
    Downside Target 24,204.16
    Downside Target 34,122.18
  • OFSS Share Price Target weekly- Technical Pivot Points (Fibonacci)

    Upside Target 34,961.82
    Upside Target 24,719.25
    Upside Target 14,569.39
    Downside Target 14,084.25
    Downside Target 23,934.39
    Downside Target 33,691.82
  • OFSS Share Price Target monthly- Technical Pivot Points (Fibonacci)

    Upside Target 33,960.5
    Upside Target 23,837.88
    Upside Target 13,762.12
    Downside Target 13,516.88
    Downside Target 23,441.12
    Downside Target 33,318.5
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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