Macquarie has issued an ‘Outperform’ call on Tata Consultancy Services (TCS), setting a target price of ₹5,740 per share. Currently trading at ₹4,511, TCS is expected to outpace its rival, Infosys, in terms of growth, particularly as spending rebounds in the tech sector.
Macquarie highlights that TCS is better positioned than Infosys to capitalize on the rising demand for cloud migration deals, particularly those bundled with application and infrastructure services. The firm anticipates that TCS will continue to grow faster than Infosys in both FY26 and FY27, driven by its robust service offerings and client engagements in digital transformation.
The favorable outlook reinforces TCS’s strong market positioning, making it a preferred choice for investors looking to capitalize on the company’s long-term growth potential.
