JPMorgan has reiterated an Overweight rating on LTIMindtree, setting a target price of ₹5,200, implying modest upside from the current market price of ₹4,908.40. The brokerage highlighted a recently secured large deal as a key driver for near-term growth visibility.
According to JPMorgan, the deal is expected to contribute around 1% to FY26 revenue growth, strengthening the company’s outlook amid a competitive IT services environment. The firm noted that the deal is already in the ramp-up phase and should start contributing partially in Q1FY26, supporting early momentum.
JPMorgan believes LTIMindtree’s execution capabilities and ability to win and scale large engagements will continue to support its premium positioning within the sector.
Disclaimer: This article is based on brokerage commentary and publicly available data. It does not constitute investment advice. Business Upturn and the author make no recommendation regarding any stock mentioned.
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