NSE: COFORGE | BSE: 532541

Strong Performer, Getting Expensive

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1829.00 27.50 (1.53%)

1.9M NSE+BSE Volume

NSE 13 Aug, 2026 3:31 PM (IST)

81,010.2

Market Cap

High in industry

Beta 1Year

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.

29 Jul 2026

1829.00

1.53%

Ticking all boxes

Buy: Coforge Ltd.

Target

ICICI Securities Limited

Coforge reported strong performance on all fronts. Notably, it: saw organic broad-based revenue growing 5.2% QoQ CC, excluding the impact of planned business exits, sustained a strong deal momentum – Q1FY27 deal TCV up 6.5% QoQ/36% YoY.

Coforge has gained 18.70% in the last 1 Month

Coforge Ltd.

29 Jul 2026

1829.00

1.53%

Result Update:Coforge

Buy: Coforge Ltd.

Target

Axis Direct

We maintain our BUY rating on the stock.

Coforge has gained 18.70% in the last 1 Month

Coforge Ltd.

28 Jul 2026

1829.00

1.53%

Coforge (COFORGE): Q1FY27 Result Review

Buy: Coforge Ltd.

Recommendation Target

IDBI Capital

Coforge delivered a robust Q1 FY27. Consolidated revenue came in at USD 592.2mn (+33.3% YoY), aided by the Encora acquisition, while organic growth ex-portfolio exits stood at a healthy 5.2% CC sequentially. Margins surprised positively as the consolidated EBIT margin came in at 16% and has surpassed full-year FY27 guidance of 15.5%, backed by faster than expected synergy realization (40% G&A cost-out) of Encora. The order book hit an all-time high of USD 2.23bn (+44.2% YoY), providing strong revenue visibility into FY2728. Free cash flow conversion improved sharply to 95.3% from...

Coforge Ltd. has an average target of 1857.22 from 9 brokers.

Coforge Ltd.

28 Jul 2026

1829.00

1.53%

Coforge Ltd.

Buy: Coforge Ltd.

Target

ICICI Direct

Strong organic growth & order book reinforce FY27 visibility : Coforge Ltd (Coforge) is a digital services and solutions provider that leverages its domain experience across sectors such as Banking & Financial Services, Insurance, Government, Travel, Transport and Hospitality. It had a strong...

ICICI Securities Limited increased Buy price target of Coforge Ltd. to 1950.0 on 29 Jul, 2026.

Coforge Ltd.

28 Jul 2026

1829.00

1.53%

Ticks all the boxes

Buy: Coforge Ltd.

Target

Motilal Oswal

COFORGE reported 1Q revenue growth of 1.1% QoQ in CC terms, above our estimate of flat QoQ CC. The company reported an order intake of USD691m (up 36.3% YoY) in 1Q with four large deals.

Number of FII/FPI investors increased from 536 to 607 in Jun 2026 qtr.

Coforge Ltd.

17 Jun 2026

1829.00

1.53%

Analyst meet: Deploying agentic AI at scale

Buy: Coforge Ltd.

Target

ICICI Securities Limited

Coforge has rebuilt its offerings by embedding agentic AI across all its solutions. This is leading to AI deflation or cannibalisation of revenue, but concurrently is lifting revenue in new areas such as: AI-led application management services; tech modernisation; and AI-native product engineering.

Institutional Investors have decreased holdings from 86.84% to 66.93% in Jun 2026 qtr

Coforge Ltd.

17 Jun 2026

1829.00

1.53%

Growth, no matter what

Buy: Coforge Ltd.

Target

Motilal Oswal

We attended Coforge's Analyst Day, where discussions were centered on the company's medium-term growth aspirations, margin outlook following the Encora acquisition, evolving commercial models and the role of AI across its key verticals.

Coforge Ltd. has an average target of 1857.22 from 9 brokers.

Coforge Ltd.

17 Jun 2026

1829.00

1.53%

A proven operator; confidence in growth intact

Buy: Coforge Ltd.

Emkay

The company’s growth strategy is centered on four pillars, with an emphasis on execution, big bets focused on strengthening core capabilities in AI-led engineering, data and integration, and cloud, while deepening its presence in industries (healthcare in the US and public sector in the UK).

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

17 Jun 2026

1829.00

1.53%

Coforge Ltd.

Buy: Coforge Ltd.

Target

ICICI Direct

AI a growth driver, not disruption risk: Management acknowledged industrywide AI productivity headwinds of 25-30% over the next 3-5 years but expects these to be more than offset by AI tailwinds in existing services (2030%) and AI driven new services (30-40%) thereby cumulatively boosting the industry by 50-70%, over the same period (Exhibit 3-9). Strong outlook across core verticals: BFS, Insurance, Travel and Public Sector remain core growth engines. Management also sees increasing opportunities in healthcare and government-led digital transformation programs. Management...

Mutual Funds have decreased holdings from 40.48% to 30.00% in Jun 2026 qtr

Coforge Ltd.

18 May 2026

1829.00

1.53%

COFORGE LIMITED

Buy: Coforge Ltd.

Geojit BNP Paribas

As per market consensus, Coforge is trading at 1 yr fwd P/E of 23x (3 yr avg P/E of 34x), offering attractive valuation. Coupled with a strong executable order book, diversified vertical growth, and enhanced AI-led capabilities, the company is well-positioned to deliver sustained...

Coforge Ltd. has an average target of 1857.22 from 9 brokers.

Is NIIT Technologies Ltd. worth buying?

335 Votes:

Buy 73.43%

Sell 20.3%

Hold 6.27%

RESEARCH REPORTS

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