Macquarie has reiterated its “Outperform” rating on Tata Consultancy Services (TCS), setting a target price of ₹5,710, which suggests a potential 38% upside from the current market price of ₹4,146. The firm highlighted TCS’s recent data modernization deal with Air France-KLM, emphasizing that such initiatives are gathering momentum as companies prepare for AI integration. TCS aims to enable data accessibility on the cloud within the first year, reflecting the critical role of speed in such projects.
According to Macquarie, data modernization is likely to be a significant demand driver as enterprises adopt AI. Since these efforts are often one-time projects where rapid execution is essential, outsourcing to IT services firms like TCS is becoming a strategic choice for many companies. The contours of the TCS-Air France-KLM deal are seen as validation of this growing trend.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a financial advisor before making any investment decisions.
