06:05 AM EDT, 07/18/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We adjust our target price to USD3.20 (from USD2.90), based on 23x FY 26 P/E, largely in line with its historical average forward P/E. We keep our FY 26 EPS estimate of INR11.96 and FY 27 EPS of INR12.61, implying Y/Y growth of -5% and 5%, respectively. For FY 26-FY 27, we project unexciting revenue growth of 1% and 6%, as we expect corporate IT budgets in the U.S. (63% sales mix) to be constrained by uncertain trade policy and thus corporate earnings, particularly for consumer (19% mix) and energy/manufacturing/materials (17%) verticals. We expect operating margins to remain stable at around 17.0% in FY 26-FY 27, as efficiency initiatives offset competitive pricing pressures and investments in growth. Overall, we are neutral on the stock as we expect Wipro ( WIT ) to lag industry growth rate particularly in a likely upcoming downturn, despite its favorable new capital allocation policy (greater than 70% payout over a three-year block) and strong net cash position.