NSE: COFORGE | BSE: 532541

Mid-range Performer

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1070.20 -10.40 (-0.96%)

New 52W Low today

5.7M NSE+BSE Volume

NSE 17 Mar, 2026 1:48 PM (IST)

35,937.3

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.

27 Jan 2026

1070.20

-0.96%

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

1070.20

-0.96%

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

1070.20

-0.96%

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 -39.86% in the last 6 Months

Coforge Ltd.

23 Jan 2026

1070.20

-0.96%

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 -23.15% in the last 1 Month

Coforge Ltd.

23 Jan 2026

1070.20

-0.96%

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 -42.67% in the last 3 Months

Coforge Ltd.

29 Dec 2025

1070.20

-0.96%

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

1070.20

-0.96%

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 -42.67% in the last 3 Months

Coforge Ltd.

26 Dec 2025

1070.20

-0.96%

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

1070.20

-0.96%

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 -23.15% in the last 1 Month

Coforge Ltd.

09 Dec 2025

1070.20

-0.96%

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 -23.15% in the last 1 Month

Is NIIT Technologies Ltd. worth buying?

332 Votes:

Buy 73.19%

Sell 20.48%

Hold 6.33%

RESEARCH REPORTS

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