NSE: COFORGE | BSE: 532541

Falling Comet

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1200.40 -12.50 (-1.03%)

Near 52W Low of ₹1194.01

6.2M NSE+BSE Volume

NSE 26 Feb, 2026 3:31 PM (IST)

40,309.5

Market Cap

High in industry

Beta 1Year

Very High Volatility

Order Win

Coforge is rising as it secures a five-year contract worth $158 million from a UK-based client See details

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.

27 Jan 2026, 12:00AM

1200.40

-1.03%

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 Ltd. is trading below all available SMAs

Coforge Ltd.

27 Jan 2026, 12:00AM

1200.40

-1.03%

Result Update:Coforge

Buy: Coforge Ltd.

Axis Direct

We maintain our BUY rating on the stock.

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

24 Jan 2026

1200.40

-1.03%

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 -34.47% in the last 3 Months

Coforge Ltd.

23 Jan 2026

1200.40

-1.03%

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 has lost -12.56% in the last 1 Week

Coforge Ltd.

23 Jan 2026

1200.40

-1.03%

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 has lost -26.64% in the last 1 Month

Coforge Ltd.

29 Dec 2025

1200.40

-1.03%

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. has an average target of 2039.43 from 7 brokers.

Coforge Ltd.

28 Dec 2025

1200.40

-1.03%

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 -26.64% in the last 1 Month

Coforge Ltd.

26 Dec 2025, 12:00AM

1200.40

-1.03%

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. has an average target of 2039.43 from 7 brokers.

Coforge Ltd.

09 Dec 2025

1200.40

-1.03%

Company Update:Coforge

Buy: Coforge Ltd.

Target

Axis Direct

We recommend a BUY on the stock and value the company at 38x multiple to its FY27E earnings to arrive at a TP of Rs 2,300/share, implying an upside of 18% from the CMP.

Coforge has lost -12.56% in the last 1 Week

Coforge Ltd.

09 Dec 2025

1200.40

-1.03%

Strong execution focus and proactive deal shaping drive strong growth despite weak demand

Hold: Coforge Ltd.

Target

ICICI Securities Limited

We attended Coforge’s analyst meet, wherein management reiterated its strategy of proactive large deal win focus; strong execution focus, with rewards for top sales leaders; specialised expertise in select industry segments of BFS, Insurance, travel and efforts to scale up healthcare and UK public sector.

Coforge has lost -12.56% in the last 1 Week

Is NIIT Technologies Ltd. worth buying?

327 Votes:

Buy 73.09%

Sell 20.49%

Hold 6.42%

RESEARCH REPORTS

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