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WIPRO Consensus Forecast

No. of reports in last year
12
No. of analysts
9
Average Consensus Forecast
251.92
Consensus Potential
-11.79%

WIPRO Price Target Potential

BrokerageTargetPotential
ICICIdirect.com3007.93%
Edelweiss214-29.07%
HDFC Securities185-49.30%
Karvy Stock Broking240-15.08%
Geojit Financial Services263-5.02%

WIPRO Targets in FrontPage Forums

1 Users have submitted 1 trade ideas of Rs. 21,855 for WIPRO
100% Bullish
0% Bearish
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WIPRO Ratings

Long term WIPRO rating by FrontPage users
2.4/5 (9 Ratings)

12 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 - 2020

15-Jul-20
Price @ Call: 258.14
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
16-Apr-20
Price @ Call: 186.58
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
15-Apr-20
Price @ Call: 189.52
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
16-Apr-20
Price @ Call: 186.58
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
10-Feb-20
Price @ Call: 241.46
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
16-Jan-20
Price @ Call: 251.83
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
16-Jan-20
Price @ Call: 248.15
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
15-Jan-20
Price @ Call: 257.15
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

17-Oct-19
Price @ Call: 248.85
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
16-Oct-19
Price @ Call: 249.34
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
16-Oct-19
Price @ Call: 243.7
Target: 221
SELL
16-Oct-19
Price @ Call: 243.7
Target: 260
HOLD
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.
... Read more
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.
... Read more
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.
... Read more
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).
... Read more
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.
... Read more
18-Apr-19
Price @ Call: 284.79
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
18-Apr-19
Price @ Call: 284.79
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
19-Apr-19
Price @ Call: 284.79
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
18-Apr-19
Price @ Call: 281.1
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
18-Apr-19
Price @ Call: 281.1
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
18-Apr-19
Price @ Call: 281.1
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
7-Mar-19
Price @ Call: 278.3
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
29-Jan-19
Price @ Call: 356.96
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
22-Jan-19
Price @ Call: 337.5
Target: 277
SELL
22-Jan-19
Price @ Call: 337.5
Target: 375
BUY
21-Jan-19
Price @ Call: 346.2
Target: 385
NEUTRAL
21-Jan-19
Price @ Call: 341.87
Target: 375
ACCUMULATE

WIPRO Share Price Target - Broker Reports - 2018

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

WIPRO Share Price Target - Broker Reports - 2017

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

WIPRO Share Price Target - Broker Reports - 2016

24-Oct-16
Price @ Call: 240
Target: 262.5
HOLD
24-Oct-16
Price @ Call: 249.5
Target: 211
SELL
22-Oct-16
Price @ Call: 249.5
Target: 300
ACCUMULATE
24-Oct-16
Price @ Call: 249.6
Target: 261
HOLD
21-Jul-16
Price @ Call: 270.28
Target: 297.5
BUY
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  • WIPRO Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3285.9
    Upside Target 2283.3
    Upside Target 1279.75
    Pivot277.15
    Downside Target 1273.6
    Downside Target 2271
    Downside Target 3267.45
  • WIPRO Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3291.07
    Upside Target 2287.93
    Upside Target 1282.67
    Pivot279.53
    Downside Target 1274.27
    Downside Target 2271.13
    Downside Target 3265.87
  • WIPRO Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3380.83
    Upside Target 2335.82
    Upside Target 1308.38
    Pivot263.37
    Downside Target 1235.93
    Downside Target 2190.92
    Downside Target 3163.48
  • WIPRO Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3283.3
    Upside Target 2280.95
    Upside Target 1279.5
    Pivot277.15
    Downside Target 1274.8
    Downside Target 2273.35
    Downside Target 3271
  • WIPRO Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3287.93
    Upside Target 2284.72
    Upside Target 1282.74
    Pivot279.53
    Downside Target 1276.32
    Downside Target 2274.34
    Downside Target 3271.13
  • WIPRO Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3335.82
    Upside Target 2308.14
    Upside Target 1291.04
    Pivot263.37
    Downside Target 1235.69
    Downside Target 2218.59
    Downside Target 3190.92
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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