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Broker research reports for stocks which have been downgraded by brokers. Both recommendation downgrades, as well as share price target downgrades are available for companies in Industry - Data Processing Services.

Broker Research reports: latest Downgrades for Industry - Data Processing Services

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

Click on any table column to sort reports by date, stock name, broker, price, target, upside or recommendation.

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	31 Jul 2025	Computer Age Mgmt	Motilal Oswal Target	3795.30	4900.00	3736.80 (1.57%)	29.11	Buy	pdf post cache		Broker Report Yields largely reset; trajectory expected to stabilize Motilal Oswal CAMS reported operating revenue of INR3.5b in 1QFY26 (6% miss), up 7% YoY, driven by a 9% YoY growth in MF asset-based revenue to INR2.6b. pdf Copy Link Share on Share on Share on Share on Alert
	06 May 2025	Computer Age Mgmt	Motilal Oswal Target	3795.30	4300.00	3607.90 (5.19%)	Target met	Buy	pdf post cache		Broker Report Yield pressures likely; non-MF growth to remain strong Motilal Oswal CAMS reported operating revenue of INR3.6b in 4QFY25 (7% beat), up 15% YoY. For FY25, operating revenue grew 25% YoY to ~INR14.2b. Total operating expenses grew 18% YoY to INR1.97b. Employee expenses/other expenses rose 12%/27% YoY to ~INR1.2b/INR790m. pdf Copy Link Share on Share on Share on Share on Alert
	30 Jan 2025	Computer Age Mgmt	Motilal Oswal Target	3795.30	4600.00	3637.20 (4.35%)	21.20	Buy	pdf post cache		Broker Report Yield pressures likely; non-MF growth to remain strong Motilal Oswal CAMS reported operating revenue of INR3.7b in 3QFY25, up 28% YoY (in-line). For 9MFY25, operating revenue was up 29% YoY to ~INR10.7b. pdf Copy Link Share on Share on Share on Share on Alert
	09 Aug 2023	Computer Age Mgmt	ICICI Securities Limited Reco Target	3795.30	2515.00	2405.95 (57.75%)	Target met	Accumulate	pdf post cache		Broker Report Higher non MF revenue growth continues; MF yields/margin outlook better ICICI Securities Limited CAMS reported a steady Q1FY24 performance with PAT of INR 757mn. While the quarterly PAT has remained range-bound at ~INR 730mn levels for past 8 quarters, there are multiple levers ahead for growth. These include: (1) relatively small incremental investments in new businesses (INR 180mn-200mn annual outgo already in the base); (2) improving margins of new businesses (currently at 25% levels). pdf Copy Link Share on Share on Share on Share on Alert
	09 Aug 2023	Computer Age Mgmt	Bonanza Target	3795.30	2680.00	2405.95 (57.75%)	Target met	Buy	pdf post cache		Broker Report In-line performance, margins improve Bonanza CAMS posted in-line revenue at ? 261.3 Cr (up by 10.4% YoY) and the share of non-MF business in revenue rose to 12.6% in Q1FY24. We are bullish on CAMS due to Market leadership in the duopoly RTA market, four out of the five largest MFs as well as 10 of the 15 largest MFs based on AAUM are their clients. pdf Copy Link Share on Share on Share on Share on Alert
	11 May 2023	Computer Age Mgmt	ICICI Securities Limited Target	3795.30	2413.00	2087.00 (81.85%)	Target met	Buy	pdf post cache		Broker Report Non-MF revenues outperform in FY23; long-term fundamentals remain attractive ICICI Securities Limited CAMS has reported steady Q4FY23/FY23 result with PAT of Rs744mn/2.8bn, respectively. FY23 flattish earnings YoY is reflective of 7% growth in CAMS AAUM being offset by 13% YoY higher operating expenses. pdf Copy Link Share on Share on Share on Share on Alert
	11 May 2023	Computer Age Mgmt	Bonanza Target	3795.30	2680.00	2087.00 (81.85%)	Target met	Buy	pdf post cache		Broker Report Steady margins driven by momentum in Non-MF business Bonanza CAMS posted in-line revenue at ? 249.2 Cr (up by 2.5% YoY) and the share of non-MF business in revenue rose to 11% in Q4FY23. We are bullish on CAMS due to Market leadership in the duopoly RTA market, four out of the five largest MFs as well as 10 of the 15 largest MFs based on AAUM are their clients. pdf Copy Link Share on Share on Share on Share on Alert
	08 May 2023	Computer Age Mgmt	ICICI Direct Reco Target	3795.30	2400.00	2055.05 (84.68%)	Target met	Buy	pdf post cache		Broker Report Computer Age Management Services ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	08 May 2023	Computer Age Mgmt	Motilal Oswal Target	3795.30	2600.00	2055.05 (84.68%)	Target met	Buy	pdf post cache		Broker Report Traction in Non-MF business drives profitability Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	10 Feb 2023	Computer Age Mgmt	Bonanza Target	3795.30	3365.00	2253.10 (68.45%)		Buy	pdf post cache		Broker Report In-line performance; Steady growth expected Bonanza We maintain BUY with a target price of Rs 3,365 based on 40x FY25E EPS of Rs 84.1 on the back of strong growth ahead of mutual fund AUM (AAUM went up Rs 40.8 Lakh Cr in Q3FY23). CAMS posted in-line revenue (+0.5% QoQ). pdf Copy Link Share on Share on Share on Share on Alert
	10 Feb 2023	Computer Age Mgmt	ICICI Direct Reco Target	3795.30	2500.00	2271.80 (67.06%)	Target met	Hold	pdf post cache		Broker Report Computer Age Management Services ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	09 Feb 2023	Computer Age Mgmt	ICICI Securities Limited Target	3795.30	2783.00	2253.10 (68.45%)	Target met	Buy	pdf post cache		Broker Report Remains an aggregate play on AUM growth; non- MF business suite continues to provide optionality ICICI Securities Limited We see CAMS on track to deliver Rs2.8bn PAT in FY23 which will imply a 5-year CAGR of 14%. Our revenue/EBITDA/PAT CAGR estimate stands at 11%/9.6/11% between FY22- 25. The company is developing its non-MF business portfolio which is gradually gaining momentum through (1) AIF/PMS segment, (2) insurance repository and (3) account aggregator + TSP platform. pdf Copy Link Share on Share on Share on Share on Alert
	08 Aug 2022	Computer Age Mgmt	ICICI Securities Limited Target	3795.30	2715.00	2368.05 (60.27%)		Buy	pdf post cache		Broker Report Higher costs drag earnings; yields remain stable ICICI Securities Limited Computer Age Management Services (CAMS) remains one of the best plays on India’s financialisation story. The aggregate nature of its business gives the company a steady growth outlook. pdf Copy Link Share on Share on Share on Share on Alert

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