NSE: COFORGE | BSE: 532541

Mid-range Performer

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1213.40 59.50 (5.16%)

39.15% Fall from 52W High

7.0M NSE+BSE Volume

NSE 02 Apr, 2026 3:31 PM (IST)

40,747.3

Market Cap

High in industry

Beta 1Year

Very High Volatility

Coforge Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for COFORGE, BSE:532541 Coforge Ltd.

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Coforge Ltd.

26 Mar 2026

1213.40

5.16%

The Nifty IT index has witnessed a sharp correction over the past few months, declining ~25% YTD, primarily driven by rising concerns around the potential impact of Generative AI (Gen AI) on the long-term business model of IT services companies, along with macro and geopolitical uncertainties. Large-cap and midcap IT stocks have corrected meaningfully despite relatively stable operating performance and continued deal wins, as investors reassess near-term growth...

Coforge Ltd. is trading below its 50 day SMA of 1345.1

Coforge Ltd.

20 Mar 2026

1213.40

5.16%

Pricing in the extreme?

Buy: Coforge Ltd.

Target

Motilal Oswal

Since the US–Iran conflict broke out, Coforge Ltd (COFORGE) has witnessed a decline of 9-10% (45% from its peak) and underperformed some of its mid-cap peers by 2-9%.

Coforge Ltd. is trading above its 30 day SMA of 1176.1

Coforge Ltd.

27 Jan 2026

1213.40

5.16%

Coforge Ltd.

Buy: Coforge Ltd.

ICICI Direct

Q3FY26 Performance: Coforge reported revenue of US$478.2 mn, up 4.4% QoQ/ 21.5% YoY in CC terms. Adj. EBITDA margin (ex-one-off from new labour code, M&A legal expenses and legal provision) came at 17.4%, up ~80 bps QoQ. Adjusted EBIT margin came at 14.4%, down 60 bps QoQ. Adj. PAT (ex-one-offs) stood at...

Coforge has lost -26.47% in the last 3 Months

Coforge Ltd.

27 Jan 2026

1213.40

5.16%

Result Update:Coforge

Buy: Coforge Ltd.

Axis Direct

We maintain our BUY rating on the stock.

Coforge Ltd. is trading below its 50 day SMA of 1345.1

Coforge Ltd.

24 Jan 2026

1213.40

5.16%

Coforge (SELL): Market seems worried about equity and return dilution

Sell: Coforge Ltd.

Target

BOB Capital Markets Ltd.

3Q strong but largely in line. QoQ revenue growth best in the Tier-2 set thus far. But near-term numbers are likely not focus of the market

Coforge has lost -24.78% in the last 6 Months

Coforge Ltd.

23 Jan 2026

1213.40

5.16%

A decent quarter

Buy: Coforge Ltd.

Motilal Oswal

COFORGE reported a strong 3Q revenue growth of 4.4% QoQ in CC terms, above our estimate of 3.3% QoQ CC. The company reported an order intake of USD593m (up 18% YoY) in 3Q with six large deals, resulting in a robust 12-month executable order book of USD1.7b.

Coforge Ltd. is trading below its 50 day SMA of 1345.1

Coforge Ltd.

23 Jan 2026

1213.40

5.16%

Coforge (COFORGE): Q3FY26 Result Review

Buy: Coforge Ltd.

IDBI Capital

Coforge has delivered a strong Q3FY26 performance and has reported 4.4% sequential constant-currency growth, driven by strong large-deal wins and rapid scaling of key accounts. The next 12-month executable order book stands at a record USD 1.72bn, up 30%YoY, giving high revenue visibility. Margins remain healthy, with reported EBIT at 13.4% despite wage hikes (~150bps impact) and hedge losses which was partially offset by cost optimization initiatives & lower ESOP costs, and management has reiterated confidence of reaching ~14% EBIT for FY26 and improving further in FY27. Free cash flow generation is strong at...

Coforge Ltd.'s price crossed above 30Day SMA today

Coforge Ltd.

29 Dec 2025

1213.40

5.16%

Coforge Ltd.

Buy: Coforge Ltd.

Target

ICICI Direct

Our Take: The deal enhances Coforge's structural strengths yet, we turn cautious due to - (i) potential earnings dilution in FY27 despite management's accretion commentary and (ii) PE investor stake-sale overhang. Given deal size and leverage/QIP optionality, we also see risk of multiple compression, until integration progress becomes visible as market sentiment and valuation may...

Coforge Ltd. is trading above its 30 day SMA of 1176.1

Coforge Ltd.

28 Dec 2025

1213.40

5.16%

Coforge (SELL): Encoraexpensive buy; execution and return-dilution concerns

Sell: Coforge Ltd.

Target

BOB Capital Markets Ltd.

Encora expensive relative to Coforge for weaker organic growth. Transaction may be EPS-accretive but significantly return dilutive

Coforge has lost -26.47% in the last 3 Months

Coforge Ltd.

26 Dec 2025

1213.40

5.16%

Our view on Coforge’s Encora acquisition

Buy: Coforge Ltd.

Target

Motilal Oswal

Coforge announced the acquisition of Encora, a US-based engineering and AI-led services firm with revenue of ~USD500m, adding ~26% to Coforge’s FY26E revenue base.

Coforge Ltd.'s price crossed above 30Day SMA today

Is NIIT Technologies Ltd. worth buying?

334 Votes:

Buy 73.35%

Sell 20.36%

Hold 6.29%

RESEARCH REPORTS

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