Citi has placed a ‘Sell’ call on LTIMindtree, with a target price of ₹5,635 per share, implying a potential 12.6% downside from the current market price of ₹6,450.05. The company has reiterated that Q2 revenue growth will likely be similar to Q1, which signals moderate expansion.
Additionally, margins are expected to remain under pressure due to limited growth and the impact of cost takeout deals. Citi also noted that valuations are at 32x FY26 consensus EPS, suggesting the stock may be overvalued given the current growth outlook.
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