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WIPRO Share Price Target
Wipro Ltd.
Sector: Information Technology
Sector: Information Technology
WIPRO Share Price *
244.25 +0.1 (0.04%)
* (quote may be delayed)
WIPRO Share Price Forecast - Consensus
| No. of reports in last year | 22 |
| No. of analysts | 10 |
| Average Consensus Forecast | 313.45 |
| Consensus Potential | 19.36% |
WIPRO Share Price Target - Broker Reports - 2019
HDFC Securities
19-Jul-19
Price @ Call: 269.15
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.
Prabhudas Lilladher
18-Jul-19
Price @ Call: 259.7
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.
ICICIdirect.com
18-Jul-19
Price @ Call: 259.7
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).
Nirmal Bang
18-Jul-19
Price @ Call: 259.7
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.
Sharekhan
18-Jul-19
Price @ Call: 259.7
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.
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.
ICICIdirect.com
19-Apr-19
Price @ Call: 284.79
Target: 315
BUY
Nirmal Bang
18-Apr-19
Price @ Call: 281.1
Target: 219
SELL
Elara Capital
18-Apr-19
Price @ Call: 281.1
Target: 340
BUY
Reliance Securities
18-Apr-19
Price @ Call: 281.1
Target: 300
HOLD
Sharekhan
18-Apr-19
Price @ Call: 284.79
Target: 305
HOLD
Nalanda Securities
18-Apr-19
Price @ Call: 284.79
Target: 298
BUY
ICICIdirect.com
7-Mar-19
Price @ Call: 278.3
Target: 282
BUY
Sharekhan
29-Jan-19
Price @ Call: 356.96
Target: 390
BUY
ICICIdirect.com
22-Jan-19
Price @ Call: 337.5
Target: 375
BUY
Nirmal Bang
22-Jan-19
Price @ Call: 337.5
Target: 277
SELL
Prabhudas Lilladher
21-Jan-19
Price @ Call: 341.87
Target: 375
ACCUMULATE
Motilal Oswal
21-Jan-19
Price @ Call: 346.2
Target: 385
NEUTRAL
WIPRO Share Price Target - Broker Reports - 2018
Prabhudas Lilladher
25-Oct-18
Price @ Call: 309.25
Target: 350
ACCUMULATE
HDFC Securities
25-Oct-18
Price @ Call: 309.25
Target: 325
NEUTRAL
ICICIdirect.com
25-Oct-18
Price @ Call: 309.25
Target: 360
BUY
JM Financial
25-Oct-18
Price @ Call: 309.25
Target: 340
HOLD
Sharekhan
24-Oct-18
Price @ Call: 309.3
Target: 390
BUY
Edelweiss
23-Jul-18
Price @ Call: 283.05
Target: 330
HOLD
ICICIdirect.com
23-Jul-18
Price @ Call: 283.05
Target: 325
BUY
Sharekhan
23-Jul-18
Price @ Call: 283.05
Target: 310
HOLD
JM Financial
23-Jul-18
Price @ Call: 283.05
Target: 320
HOLD
Nirmal Bang
23-Jul-18
Price @ Call: 273.36
Target: 323
BUY
Reliance Securities
23-Jul-18
Price @ Call: 273.36
Target: 305
HOLD
Prabhudas Lilladher
20-Jul-18
Price @ Call: 285.95
Target: 300
HOLD
Motilal Oswal
20-Jul-18
Price @ Call: 285.95
Target: 300
NEUTRAL
Sharekhan
21-Jun-18
Price @ Call: 259.8
Target: 290
HOLD
Investec Securities
26-Apr-18
Price @ Call: 287.2
Target: 290
HOLD
Motilal Oswal
26-Apr-18
Price @ Call: 287.2
Target: 300
NEUTRAL
ICICIdirect.com
26-Apr-18
Price @ Call: 278.39
Target: 315
BUY
Dolat Capital
26-Apr-18
Price @ Call: 278.39
Target: 260
SELL
JM Financial
22-Mar-18
Price @ Call: 295.55
Target: 330
BUY
Motilal Oswal
15-Mar-18
Price @ Call: 296.54
Target: 300
NEUTRAL
ICICIdirect.com
22-Jan-18
Price @ Call: 328.45
Target: 360
BUY
Prabhudas Lilladher
20-Jan-18
Price @ Call: 324.82
Target: 310
REDUCE
WIPRO Share Price Target - Broker Reports - 2017
ICICIdirect.com
29-Dec-17
Price @ Call: 309.79
Target: 350
BUY
Kotak Securities
26-Dec-17
Price @ Call: 301.1
Target: 275
REDUCE
Phillip Capital
18-Oct-17
Price @ Call: 289.35
Target: 220
SELL
Enochventures.com
20-Jul-17
Price @ Call: 271
Target: 345
HOLD
Dolat Capital
20-Jul-17
Price @ Call: 269
Target: 230
SELL
Axis Direct
4-May-17
Price @ Call: 247.5
Target: 218.5
SELL
Angel Broking
2-May-17
Price @ Call: 247
Target: 285
BUY
Angel Broking
26-Apr-17
Price @ Call: 248
Target: 291.5
BUY
ICICIdirect.com
26-Apr-17
Price @ Call: 247
Target: 250
HOLD
KRChoksey
26-Apr-17
Price @ Call: 247
Target: 265.5
BUY
Edelweiss
25-Apr-17
Price @ Call: 247
Target: 277
BUY
Motilal Oswal
21-Feb-17
Price @ Call: 238
Target: 270
NEUTRAL
Angel Broking
1-Feb-17
Price @ Call: 228.5
Target: 295
BUY
HDFC Securities
27-Jan-17
Price @ Call: 237
Target: 257
NEUTRAL
KRChoksey
27-Jan-17
Price @ Call: 236.5
Target: 247.5
HOLD
Motilal Oswal
25-Jan-17
Price @ Call: 237
Target: 270
NEUTRAL
Edelweiss
25-Jan-17
Price @ Call: 237
Target: 279
BUY
WIPRO Share Price Target - Broker Reports - 2016
KRChoksey
24-Oct-16
Price @ Call: 249.6
Target: 261
HOLD
Axis Direct
24-Oct-16
Price @ Call: 249.5
Target: 211
SELL
ICICIdirect.com
24-Oct-16
Price @ Call: 240
Target: 262.5
HOLD
Prabhudas Lilladher
22-Oct-16
Price @ Call: 249.5
Target: 300
ACCUMULATE
Centrum
21-Jul-16
Price @ Call: 270.28
Target: 297.5
BUY