LTIMindtree shares slipped 2% after Goldman Sachs downgraded the stock to ‘Neutral’ from ‘Buy’ and slashed its target price to ₹4,500 from ₹6,570. As of 9:45 AM, the shares were trading 1.97% lower at Rs 4,564.00.
The brokerage firm also cut its FY26 revenue growth forecast for the Indian IT sector to 4% YoY in constant currency terms—a significant 230 bps reduction from previous estimates.
This downward revision comes amid rising macroeconomic uncertainties, particularly in the U.S., which contributes nearly 60% of Indian IT revenues. Goldman Sachs has lowered its 2025 U.S. GDP growth outlook to 1.7% from 2.4% and raised the 12-month recession probability to 20% from 15%, citing potential economic disruptions due to new tariff measures.
Despite recognizing LTIMindtree as a quality mid-tier IT player, the downgrade reflects concerns over its elevated valuations and a weaker near-term revenue outlook.
LTIMindtree’s stock opened at ₹4,540.05 and hit a high of ₹4,626.40 before dipping to a low of ₹4,525.20. The stock remains significantly below its 52-week high of ₹6,767.95 but above its 52-week low of ₹4,239.00.
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.
