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WIPRO Consensus Forecast

No. of reports in last year
18
No. of analysts
8
Average Consensus Forecast
744.28
Consensus Potential
43.36%

WIPRO Price Target Potential

BrokerageTargetPotential
Axis Direct75043.90%
HDFC Securities74043.14%
KRChoksey79447.01%
ICICIdirect.com75043.90%
Sharekhan75043.90%

WIPRO Ratings

Long term WIPRO rating by FrontPage users
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4.3/5 (7 Ratings)
18 WIPRO share price target reports by brokerages below. See what is analyst's view on WIPRO 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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WIPRO Share Price Target

WIPRO Share Price Target - Broker Reports - 2022

Price @ Call: 691
13-Jan-22
Target: 750
HOLD
Price @ Call: 691
13-Jan-22
Target: 740
ADD
Price @ Call: 640
14-Jan-22
Target: 794
BUY
Price @ Call: 640
16-Jan-22
Target: 750
BUY
Price @ Call: 650
13-Jan-22
Target: 750
HOLD
Price @ Call: 691
13-Jan-22
Target: 737
BUY
Price @ Call: 691
13-Jan-22
Target: 720
NEUTRAL

WIPRO Share Price Target - Broker Reports - 2021

Price @ Call: 644
22-Nov-21
Target: 750
HOLD
Price @ Call: 651
22-Nov-21
Target: 728
BUY
Price @ Call: 651
21-Nov-21
Target: 710
NEUTRAL
Price @ Call: 707
14-Oct-21
Target: 794
ACCUMULATE
Price @ Call: 708
18-Oct-21
Target: 815
BUY
Price @ Call: 673
14-Oct-21
Target: 775
BUY
Price @ Call: 673
14-Oct-21
Target: 690
ADD
Price @ Call: 673
13-Oct-21
Target: 750
HOLD
Price @ Call: 673
14-Oct-21
Target: 728
BUY
Price @ Call: 673
14-Oct-21
Target: 710
NEUTRAL
Price @ Call: 673
14-Oct-21
Target: 706
ACCUMULATE
Price @ Call: 431
15-Apr-21
Target: 510
BUY
Price @ Call: 469.25
16-Apr-21
Target: 530
HOLD
Price @ Call: 468.8
16-Apr-21
Target: 455
NEUTRAL
Price @ Call: 470.85
16-Apr-21
Target: 465
ACCUMULATE
Price @ Call: 469.9
16-Apr-21
Target: 535
BUY
Price @ Call: 466.4
16-Apr-21
Target: 500
BUY
Price @ Call: 438.85
4-Mar-21
Target: 510
BUY
Price @ Call: 438.85
4-Mar-21
Target: 450
NEUTRAL
Price @ Call: 420.4
5-Mar-21
Target: 461
ACCUMULATE
Price @ Call: 420.4
5-Mar-21
Target: 474
BUY
Price @ Call: 460.61
13-Jan-21
Target: 550
BUY
Price @ Call: 451.52
14-Jan-21
Target: 470
ADD
Price @ Call: 460.61
14-Jan-21
Target: 522
BUY
Price @ Call: 460.61
14-Jan-21
Target: 480
ACCUMULATE
Price @ Call: 460.61
14-Jan-21
Target: 490
HOLD
Price @ Call: 460.61
14-Jan-21
Target: 493
BUY

WIPRO Share Price Target - Broker Reports - 2020

Price @ Call: 379.85
23-Dec-20
Target: 415
BUY
Price @ Call: 361.65
8-Dec-20
Target: 432
BUY
Price @ Call: 375.75
14-Oct-20
Target: 390
ADD
Price @ Call: 375.75
14-Oct-20
Target: 450
BUY
Price @ Call: 375.75
14-Oct-20
Target: 320
SELL
Price @ Call: 375.75
14-Oct-20
Target: 385
NEUTRAL
Price @ Call: 375.75
14-Oct-20
Target: 382
ACCUMULATE
Price @ Call: 375.75
14-Oct-20
Target: 435
BUY
Price @ Call: 375.75
14-Oct-20
Target: 415
BUY
Price @ Call: 312.76
28-Sep-20
Target: 345
BUY
Price @ Call: 258.14
15-Jul-20
Target: 300
BUY
We expect Covid-19 disruptions to impact revenues in the near term. However, considering the margin improvement in Q1FY21E and improvement in growth from Q2FY21E, we expect margins to witness expansion in FY21E, FY22E. Further, we expect Wipro to witness healthy growth revenue in coming years mainly led by healthy traction in deals, growth focus of new CEO, acquisition of new logos and traction in digital revenues. This, along with reasonable valuation (~13x FY22E EPS) prompts us to maintain BUY on Wipro with target price of | 300 (16x FY22E EPS).
... Read more
Price @ Call: 186.58
16-Apr-20
Target: 225
BUY
We expect Covid-19 disruptions to impact revenues in the near term. Further, we expect margin pressure and higher working capital requirement (due to client specific challenges) in the near term. However, we expect Wipro to see healthy improvement in revenues & margins in the medium term mainly led by digital acceleration and improvement in deal pipeline from H2FY21E. Further, we believe most of the negatives are already factored in current price (~10x FY22E EPS) which prompts us to maintain BUY on Wipro with a target price of Rs 225/share.
... Read more
Price @ Call: 189.52
15-Apr-20
Target: 214
HOLD
While the decline in Q4FY20 revenue was minuscule, we anticipate significant impact in H1FY21. Revenue growth, we believe, will be hard to come by in FY21. The stock is trading at 12.8x FY21E earnings. We retain ‘HOLD/SP’ with TP of INR214 (14x Q2FY22E EPS).
... Read more
Price @ Call: 186.58
16-Apr-20
Target: 185
REDUCE
Wipro’s growth will continue to lag within the Tier-1 IT pack based on soft outlook for ~51% of rev comprising BFSI, Retail, Travel, Manufacturing & Energy. This will be offset by relatively better outlook in Consumer (e-commerce & new age Media), Healthcare (Hospitals) and Communication. New opportunity will emerge with increased cloud adoption, Automation and workplace modernisation. Clients are looking for higher efficiencies (RTB) and vendor consolidation (benefit for incumbents). While growth concerns remain (Covid led disruption), there is limited scope for margin expansion. We expect USD rev growth of -4.4/+4.7% and IT services EBIT% at 17.0/17.3% for FY21/22E. The stock is down ~25% in 3M and valuations are at ~11.9x FY21E (vs. 12.8x Tier1 IT median).
... Read more
Price @ Call: 241.46
10-Feb-20
Target: 240
SELL
Due to absence of large deal announcements, challenging outlook for key verticals, stagnating client metrics and muted growth outlook, we continue with our “SELL” rating, with a target price of Rs. 240. We value the stock at discounted 5 Yr historical average FY21E PE of 14.8x.
... Read more
Price @ Call: 251.83
16-Jan-20
Target: 263
HOLD
We estimate PAT to grow at 7.2% CAGR over FY19-22E. Given subdued results, weakness in BFSI and macro uncertainties, We maintain our HOLD rating on the stock with a revised target price of Rs. 263 based on ~13.5x FY22E EPS.
... Read more
Price @ Call: 248.15
16-Jan-20
Target: 285
BUY
An in line quarter, scope for margin expansion and attractive valuations prompt us to be positive on the company. Coupled with digital acceleration, pick-up in execution, commentary on deal pipeline front is expected to lead to an improved growth trajectory in the next two years. This, along with reasonable valuation (~12x FY22E EPS) prompts us to maintain BUY on Wipro with a target price of Rs 285/share.
... Read more
Price @ Call: 257.15
15-Jan-20
Target: 285
HOLD
Valuation – Maintain Hold with a PT of Rs. 285: We have tweaked our earnings estimates for FY2020E/FY2021E factoring in continued decline in top accounts. We believe that Wipro’s revenue growth would continue to remain in the bottom quartile among the top-five IT companies owing to the weakness in BFSI and technology vertical. However, the company has been reporting steady execution in margins over last the three quarters despite slower revenue growth. At CMP, the stock is trading at 15x/14x of its FY2020/FY2021 earnings estimates, which is justified due to continued underperformance in revenue growth. Wipro continues to remain our least preferred stock among the top-tier companies. Hence, we maintain Hold with a PT of Rs. 285.
... Read more

WIPRO Share Price Target - Broker Reports - 2019

Price @ Call: 248.85
17-Oct-19
Target: 260
NEUTRAL
Our CC revenue estimates for FY19-21 are moderated by 0.4%-1.1%. We do not make any meaningful revisions to our margin estimates. However, our FY20 EPS estimate is upgraded by ~3% due to the lower ETR expectation. WPRO’s overall growth continues lagging peers, given company-specific execution challenges. Consequently, we do not see material headroom for a re-rating of the current valuation multiples. Our price target of INR260 discounts forward earnings by 15x. Maintain Neutral.
... Read more
Price @ Call: 249.34
16-Oct-19
Target: 285
HOLD
Maintain Hold with a PT of Rs. 285: We have tweaked ourearnings estimates for FY2020E/FY2021E, on account of profitability beatin Q2FY2020 and continued weakness in certain industry pockets. With continued weakness in BFSI vertical, we believe that Wipro’s revenue growthwould continue to remain in the bottom quartile among the top-five ITcompanies. At the CMP, the stock is trading at 14.5x/13.2x its FY2020/FY2021earnings estimates, which is justified due to continued underperformance inrevenue growth. Wipro continues to remain our least preferred stock among top-tier companies. Hence, we maintain Hold with a PT of Rs. 285.
... Read more
Price @ Call: 243.7
16-Oct-19
Target: 221
SELL
Price @ Call: 243.7
16-Oct-19
Target: 260
HOLD
Price @ Call: 269.15
19-Jul-19
Target: 220
SELL
We expect USD revenue growth of 3.0/5.4% and IT services EBIT% at 18.1/18.3% for FY20/21E. Wipro trades at 14.7x FY21E EPS (in-line with Tier-1 median), which is rich considering its growth profile. Our SELL stance is driven by the weakness in core growth metrics and execution challenges. Risk to our thesis include improved US/Europe macro and INR depreciation. We maintain SELL on WIPRO, post weak 1QFY20 and tepid guidance for 2Q. Wipro’s revenue growth remains the lowest in tier-1 IT. In view of growth challenges, peaking margins and taxation on buyback we further cut our target multiple. Our TP of Rs 220 is based on 12x (vs. 14x earlier) Jun-21E EPS.
... Read more
Price @ Call: 259.7
18-Jul-19
Target: 285
HOLD
Maintain Hold with a revised PT of Rs. 285:
We have revised downward our earnings estimates for FY2020E/FY2021E, factoring in lower-than-expected revenue growth in Q1FY2020 along with muted growth in Q2 revenue guidance and reset of USD/INR rate. With inconsistent execution along with macro uncertainties, underperformance in revenue growth among large peers is expected to continue for FY2020E. At the CMP, the stock is trading at 15.8x/14.2x its FY2020/FY2021 earnings estimates, which is justified due to continued underperformance. Wipro continues to remain our least preferred IT company among top-tier companies. Hence, we maintain Hold with a revised PT of Rs. 285.
... Read more
Price @ Call: 259.7
18-Jul-19
Target: 212
SELL
We believe we have been a bit generous in our EBIT margin estimates for both years. We retain our Sell rating on Wipro with a target price (TP) of Rs212 (using 11.6x target P/E based on FY21E EPS, 30% discount to the target P/E assigned to TCS). Our Sell rating on Wipro is explained by our estimate of a no-growth year in FY21 for the sector as we expect global spending to soften (see sector view on the next page). We expect Wipro to underperform industry. We believe our target P/E multiple is justified on the basis that Wipro has lagged its Tier-1 peers on organic growth, has less diversified revenue streams and also has lower return ratios versus TCS.
... Read more
Price @ Call: 259.7
18-Jul-19
Target: 315
BUY
The impact of client specific issues in FY19 has receded with a slow & steady improvements starting to be seen. The improvement is expected to progress further in FY21E. Accompanied by digital story & execution pick up, this would lead to growth ramp up in the long term. Further, room for margin revision, healthy capital allocation policy and reasonable valuation compared to peers (~13x FY21E EPS) prompts us to maintain BUY on Wipro. Hence, we maintain target price of Rs 315/share (~16x FY21E EPS).
... Read more
Price @ Call: 259.7
18-Jul-19
Target: 238
REDUCE
We believe that Wipro is struggling to achieve any degree of consistency. The timing of the recovery remains key & revenue growth of Wipro is never broad- based. The company's revenue growth has been below 1% (Q/Q CC) in 8 of the past thirteen quarters, suggesting that growth momentum is difficult to predict. We expect 4.5% & 7.3% USD revenue & EPS CAGR for FY19E-FY21E respectively & value Wipro at 14.5x Mar-21 earnings to arrive an changed target price of Rs.238. Maintain Reduce. Stock is currently trading at 17.6x FY20E EPS and 15.9x FY21E EPS.
... Read more
Price @ Call: 284.79
18-Apr-19
Target: 298
BUY
Wipro has realigned client facing profiles and is focusing on mining strategic accounts to grow its business. With new leadership, company is investing especially in Manufacturing and expects to recover in 2HFY20. Management cited strong deal momentum with robust order booking with addition of 3 new customers in USD75mn+. As growth bounces back it will lead to a significant margin expansion owing to current lower utilisation levels which will get a kicker as volume growth increases. India will continue to remain the hotbed for talent supply en masse, making a case for increasing shift of Digital business from onsite. At CMP of INR 284.8, the company is trading at 16.3x FY21E EPS. We value the company using P.E. multiple methodology. We have given an exit multiple of 17.5x for PE to arrive at a target price of INR 298 which is an upside of 5%.
... Read more
Price @ Call: 284.79
18-Apr-19
Target: 305
HOLD
DowngradetoHoldwitharevisedPTofRs.305: We have tweaked our earnings estimates for FY2020E/FY2021E, factoring in weak guidance and continued softness in certain industry pockets. With inconsistent execution along with macro uncertainties, underperformance on revenue growth among large peers will likely continue. However, the buyback could provide some support to the stock price in the near-to- medium term. We downgrade our rating on Wipro from Buy to Hold with a revised price target (PT) of Rs. 305.
... Read more
Price @ Call: 284.79
19-Apr-19
Target: 315
BUY
Continued strength in digital and healthy deal pipeline commentary would act as the main growth drivers for Wipro. Additionally, room for margin revision, healthy capital allocation policy and reasonable valuation prompt us to recommend BUY on Wipro. Hence, we revise target price to Rs 315 per share (~16x FY21E EPS).
... Read more
Price @ Call: 281.1
18-Apr-19
Target: 300
HOLD
Wipro’s FY20E growth outlook appears better than FY19, even as BFSI growth is likely to be slower given a high base and macro volatility. Improved IT margin performance along with continuing cash return in the form of the buy-back is likely to restrict any major decline in stock price despite tepid revenue growth. The share buy-back will boost EPS and RoE for FY20E. The buy-back size of Rs105bn implies >6% effective yield on market capitalisation. Upwardly revising our target PE multiple to 16x (from 15x earlier) to factor in healthy cash return to the shareholders, we maintain our HOLD recommendation on the stock with a revised Target Price of Rs300 (from Rs255 earlier).
... Read more
Price @ Call: 281.1
18-Apr-19
Target: 340
BUY
Wipro IT services has narrowed EBIT margin gap with Infosys to a mere 214bp in 4QFY19. We tweak estimates after factoring in lower G&A cost, revised share count and lower other income post INR 105.0bn buyback announced. Anticipating lower IT products and ISRE revenue, we lower INR revenue by 1.1% for FY20E and increase EBITDA margin by 59bp for FY21E. Our FY20 and FY21 EBITDA margin estimates are 151bp and 400bp above Consensus, respectively. We arrive at a new TP of INR 340 from INR 330 on 15x (from 17x FY20E) FY21E P/E as we look at earnings further out into the future.
... Read more
Price @ Call: 281.1
18-Apr-19
Target: 219
SELL
headwinds of talent crunch, increase in salaries, continued investments, increased competition, appreciating Indian rupee and a more localised workforce with likely higher bench costs will impact margins negatively in 1QFY20 on QoQ basis. Post 4QFY19, we have lowered our IT services revenue estimates for FY20/FY21 a tad but kept margin estimates broadly constant. Our EPS numbers are adjusted for the reduced number of shares after the buyback (The board announced a share buyback worth Rs105bn which would lead to reduction in outstanding shares by ~5.35%). We retain our Sell rating on Wipro with a target price of Rs219 (using 11.6x target P/E based on FY21E EPS, 30% discount to the target P/E assigned to TCS). Our Sell rating on Wipro is explained by our estimate of a no-growth year in FY21 for the sector as we expect global spending to soften. We believe our target P/E multiple is justified on the basis that Wipro has lagged on organic growth, has less diversified revenue streams and also has lower return ratios versus TCS.
... Read more
Price @ Call: 278.3
7-Mar-19
Target: 282
BUY
Wipro made an announcement on bonus shares along with its Q3FY19 results on January 18, 2019. The ratio was one bonus share for every three existing equity share held i.e. 1:3. The record date for the same is March 7, 2019 while the ex-date for the same is today i.e. March 6, 2019. Consequently, Wipro’s share price, as per yesterday's closing price, has dropped to Rs 272/share from Rs 362/share. Currently, the stock is trading at Rs 282/share. Our target price has also been revised to Rs 282/share from Rs 375/share post bonus issue of equity shares. We revise our recommendation on the stock from BUY to HOLD as our target price has been achieved.
... Read more
Price @ Call: 356.96
29-Jan-19
Target: 390
BUY
Maintain Buy with PT of Rs390: We have broadly maintained our earnings estimates for FY2019E/FY2020E/FY2021E. Focusing on client mining (15% y-o-y growth in top-5 accounts), restructuring initiatives and increasing deal wins are expected to translate into decent growth over the next two years. The stock is currently trading at 15x its FY2020 EPS estimates, which is a significant discount to its leading peers. Thus, we maintain our Buy rating on Wipro with the unchanged price target (PT) of Rs 390.
... Read more
Price @ Call: 337.5
22-Jan-19
Target: 277
SELL
Price @ Call: 337.5
22-Jan-19
Target: 375
BUY
Price @ Call: 346.2
21-Jan-19
Target: 385
NEUTRAL
Price @ Call: 341.87
21-Jan-19
Target: 375
ACCUMULATE

WIPRO Share Price Target - Broker Reports - 2018

Price @ Call: 309.25
25-Oct-18
Target: 340
HOLD
Price @ Call: 309.25
25-Oct-18
Target: 360
BUY
Price @ Call: 309.25
25-Oct-18
Target: 325
NEUTRAL
Price @ Call: 309.25
25-Oct-18
Target: 350
ACCUMULATE
Price @ Call: 309.3
24-Oct-18
Target: 390
BUY
Price @ Call: 273.36
23-Jul-18
Target: 305
HOLD
Price @ Call: 273.36
23-Jul-18
Target: 323
BUY
Price @ Call: 283.05
23-Jul-18
Target: 320
HOLD
Price @ Call: 283.05
23-Jul-18
Target: 310
HOLD
Price @ Call: 283.05
23-Jul-18
Target: 325
BUY
Price @ Call: 283.05
23-Jul-18
Target: 330
HOLD
Price @ Call: 285.95
20-Jul-18
Target: 300
NEUTRAL
Price @ Call: 285.95
20-Jul-18
Target: 300
HOLD
Price @ Call: 259.8
21-Jun-18
Target: 290
HOLD
Price @ Call: 278.39
26-Apr-18
Target: 260
SELL
Price @ Call: 278.39
26-Apr-18
Target: 315
BUY
Price @ Call: 287.2
26-Apr-18
Target: 300
NEUTRAL
Price @ Call: 287.2
26-Apr-18
Target: 290
HOLD
Price @ Call: 295.55
22-Mar-18
Target: 330
BUY
Price @ Call: 296.54
15-Mar-18
Target: 300
NEUTRAL
Price @ Call: 328.45
22-Jan-18
Target: 360
BUY
Price @ Call: 324.82
20-Jan-18
Target: 310
REDUCE

WIPRO Share Price Target - Broker Reports - 2017

Price @ Call: 309.79
29-Dec-17
Target: 350
BUY
Price @ Call: 301.1
26-Dec-17
Target: 275
REDUCE
Price @ Call: 289.35
18-Oct-17
Target: 220
SELL
Price @ Call: 269
20-Jul-17
Target: 230
SELL
Price @ Call: 271
20-Jul-17
Target: 345
HOLD
Price @ Call: 247.5
4-May-17
Target: 218.5
SELL
Price @ Call: 247
2-May-17
Target: 285
BUY
Price @ Call: 247
26-Apr-17
Target: 265.5
BUY
Price @ Call: 247
26-Apr-17
Target: 250
HOLD
Price @ Call: 248
26-Apr-17
Target: 291.5
BUY
Price @ Call: 247
25-Apr-17
Target: 277
BUY
Price @ Call: 238
21-Feb-17
Target: 270
NEUTRAL
Price @ Call: 228.5
1-Feb-17
Target: 295
BUY
Price @ Call: 237
25-Jan-17
Target: 279
BUY
Price @ Call: 236.5
27-Jan-17
Target: 247.5
HOLD
Price @ Call: 237
27-Jan-17
Target: 257
NEUTRAL
Price @ Call: 237
25-Jan-17
Target: 270
NEUTRAL

WIPRO Share Price Target - Broker Reports - 2016

Price @ Call: 240
24-Oct-16
Target: 262.5
HOLD
Price @ Call: 249.5
24-Oct-16
Target: 211
SELL
Price @ Call: 249.5
22-Oct-16
Target: 300
ACCUMULATE
Price @ Call: 249.6
24-Oct-16
Target: 261
HOLD
Price @ Call: 270.28
21-Jul-16
Target: 297.5
BUY
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SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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