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Buy Coforge; target of Rs 4870: ICICI Direct

ICICI Direct is bullish on Coforge recommended buy rating on the stock with a target price of Rs 4870 in its research report dated January 20, 2023.

January 22, 2023 / 07:50 PM IST
 
 
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ICICI Direct's research report on Coforge

Coforge offers system integration, apps & BPO services to BFSI, travel & healthcare verticals. Revenues grew at 18.1% CAGR in the past five years • Healthy OCF, EBITDA (~75%) and robust return ratios (RoCE > 20%).

Outlook

We maintain our BUY rating on the stock. We value Coforge at Rs 4870 i.e. 25x P/E on FY25E EPS.

For all recommendations report, click here

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Coforge - 21 -01-2023 - icici

Broker Research
first published: Jan 22, 2023 07:43 pm

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