Coforge shares jump nearly 3% after Bernstein maintains ‘Outperform' rating with target price of Rs 2,038
Shares of Coforge Ltd climbed close to 3% in Friday's trade after global brokerage Bernstein reiterated its Outperform rating on the stock, setting a target price of ₹2,038. As of 9:51 AM, the shares were trading 2.37% higher at Rs 1,715.80.
Bernstein highlighted the company's healthy Q1FY26 performance, with revenue rising 8% sequentially, powered by strong traction in the Americas and its travel-focused vertical. The brokerage said this momentum reflects a solid demand environment and long-term growth visibility.
While the EBIT margin for the quarter came in at 13.2%—slightly below expectations by 50 basis points—Coforge's management remains optimistic about hitting a 14% margin target by the end of FY26. This signals confidence in improving operational efficiency going forward.
Bernstein also noted that the recent dip in Coforge's stock price has created a compelling entry point for long-term investors, especially as the company continues to benefit from robust digital transformation trends across its key markets.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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