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TATAELXSI Consensus Forecast

No. of reports in last year
3
No. of analysts
3
Average Consensus Forecast
2498
Consensus Potential
-121.21%

TATAELXSI Price Target Potential

BrokerageTargetPotential
Sharekhan3100-36.99%
HDFC Securities3330-27.53%
KRChoksey1064-299.12%

TATAELXSI Targets in FrontPage Forums

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100% Bullish
0% Bearish
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TATAELXSI Ratings

Long term TATAELXSI rating by FrontPage users
3/5 (2 Ratings)

3 TATAELXSI share price target reports by brokerages below. See what is analyst's view on TATAELXSI 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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TATAELXSI Share Price Target

TATAELXSI Share Price Target - Broker Reports - 2021

24-Mar-21
Price @ Call: 2670.15
Target: 3100
BUY
16-Mar-21
Price @ Call: 2716
Target: 3330
BUY

TATAELXSI Share Price Target - Broker Reports - 2020

24-Jul-20
Price @ Call: 906.02
Target: 1064
BUY
Considering the slowing economic activity and travelling restrictions, Tata Elxsi is focussing more on offshore business. It is also benefiting from higher business from broadcast & communication vertical with increasing traction seen in sub-segments of Broadcast & communication vertical like operators (focussing in the US, Europe, SA, & ME), OTT players & devices (like set-top boxes etc). This is also in alignment with company’s objective of de-risking & diversifying away from transportation business (42% in Q1FY21). We see the sustainability of Tata Elxsi compared to its peers, as it has decreased its dependence of automotive vertical and is more focused on expanding the communication and healthcare verticals. We continue to remain positive over the technology adoption trends and believe that Tata Elxsi has the right set of products/services (Electric vehicles, Autonomous cars and OEM, Internet TV, Cloud and SDN Technology) to address the market opportunity through its collaborative approaches. With the rapid development in the healthcare vertical, we see a breather for the company in this vertical . After rallying ~27% from our last update on the stock (at INR 718/share), Tata Elxsi is currently trading at a P/E multiple of 19.8x/18.1x on FY21E/FY22E earnings. Company posted mixed set of numbers in this quarter but showed resilient performance despite lockdown. The increasing share of Broadcast & Healthcare verticals augur well for future growth. Hence, we are applying a higher P/E multiple of 21x (earlier 18x) and rollover target EPS to FY22 (earlier FY21) to arrive at a revised target price of INR 1,064/share (previously INR 831/per share), an upside potential of 16.5% over the CMP. Accordingly, we reiterate “BUY” rating on the shares of Tata Elxsi.
... Read more

TATAELXSI Share Price Target - Broker Reports - 2019

23-Jul-19
Price @ Call: 677.01
Target: 1008
BUY
Based on poor Q1FY20 financial performance, we have revised our estimates downwards and now expect the company to generate a topline growth of average 11.9% in FY20E/FY21E while we take a conservative stance on margin outlook (EBIT to stay below 23% in forecast period compared to >24% in the recent past). Tata Elxsi is currently trading at a P/E multiple of 18.4x/13.9x on FY20E/FY21E earnings. We apply a P/E multiple of 19.2x to the FY21 estimated EPS of INR 52.5 to arrive at a target price of INR 1,008 per share, an upside of 38% over the CMP. Accordingly, we reiterate our “BUY” rating to the stock.
... Read more
19-Jul-19
Price @ Call: 719.21
Target: 711
SELL
We believe that current weakness in Automotive division is due to macro economic factors and ramp down of spending by JLR. Since these factors are macro- economic in nature and are beyond management’s control, it is hard to predictwhen the revenues will improve. Also, we see margins to get affected due to slow growth in revenues as large component of expenses are fixed in nature. Hence,we have revised our estimates downwards to factor in these uncertainties. We rate the stock SELL with a target price of Rs. 711,with a downside of 3%. We value the company at a 50% discount to 5-Yr average 1-Yr forward multiple of 14x.
... Read more
28-Jan-19
Price @ Call: 913.2
Target: 1159
BUY
Seasonality Impacts Growth Momentum. Valuation and Risks: We continue to remain positive on the stock given its presence in high growth markets and proven technical capabilities. We believe the subdued performance during the quarter is more due to seasonality. We retain our “BUY” rating on the stock with a target price of Rs. 1159, an upside potential of 20%. We value TELX at a 3-year historical average of FY20E PE of 20.9x. Key risks include slowdown in key client as evident from declining revenue contribution and technology risks.
... Read more
28-Jan-19
Price @ Call: 913.2
Target: 1050
BUY

TATAELXSI Share Price Target - Broker Reports - 2018

10-Oct-18
Price @ Call: 1004.25
Target: 1440
BUY
8-Oct-18
Price @ Call: 1086.84
Target: 1400
BUY
26-Jul-18
Price @ Call: 1454.1
Target: 1700
BUY
3-May-18
Price @ Call: 1214.4
Target: 1400
BUY
23-Jan-18
Price @ Call: 1081.7
Target: 1236
BUY
11-Jan-18
Price @ Call: 1041.5
Target: 1180
BUY
4-Jan-18
Price @ Call: 996.2
Target: 1180
BUY

TATAELXSI Share Price Target - Broker Reports - 2017

18-Aug-17
Price @ Call: 843.98
Target: 996
BUY

TATAELXSI Share Price Target - Broker Reports - 2016

1-Aug-16
Price @ Call: 822.5
Target: 982.5
BUY
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  • TATAELXSI Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 34,342.92
    Upside Target 24,319.43
    Upside Target 14,284.37
    Pivot4,260.88
    Downside Target 14,225.82
    Downside Target 24,202.33
    Downside Target 34,167.27
  • TATAELXSI Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 34,602.38
    Upside Target 24,474.87
    Upside Target 14,362.08
    Pivot4,234.57
    Downside Target 14,121.78
    Downside Target 23,994.27
    Downside Target 33,881.48
  • TATAELXSI Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 35,379.53
    Upside Target 24,864.77
    Upside Target 14,584.53
    Pivot4,069.77
    Downside Target 13,789.53
    Downside Target 23,274.77
    Downside Target 32,994.53
  • TATAELXSI Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 34,319.43
    Upside Target 24,297.07
    Upside Target 14,283.25
    Pivot4,260.88
    Downside Target 14,238.52
    Downside Target 24,224.7
    Downside Target 34,202.33
  • TATAELXSI Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 34,474.87
    Upside Target 24,383.07
    Upside Target 14,326.36
    Pivot4,234.57
    Downside Target 14,142.77
    Downside Target 24,086.06
    Downside Target 33,994.27
  • TATAELXSI Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 34,864.77
    Upside Target 24,561.08
    Upside Target 14,373.46
    Pivot4,069.77
    Downside Target 13,766.08
    Downside Target 23,578.46
    Downside Target 33,274.77
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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