Jefferies has raised its target price on Coforge to ₹9,000 from ₹7,860, maintaining a ‘Buy’ rating, after the IT firm posted constant currency (CC) revenue growth of 3.4% QoQ in Q4FY25, a key upside surprise that signals sustained business momentum.
The brokerage noted that Coforge continues to deliver strong execution across verticals, particularly in BFSI and insurance. Jefferies forecasts a 23% EPS CAGR over FY26–28, underpinned by strong deal wins, improving offshore mix, and robust traction in the digital and cloud transformation space.
With a strong growth outlook and consistent delivery on margins, Jefferies believes Coforge’s valuation is supported by long-term structural drivers and dependable management execution.
Disclaimer: The above views are those of the brokerage and not the publication. Investors should consult a certified financial advisor before making investment decisions.
