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.
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