NSE: COFORGE | BSE: 532541

Mid-range Performer

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1492.90 -5.00 (-0.33%)

3.3M NSE+BSE Volume

NSE 25 Jun, 2026 3:31 PM (IST)

66,089.3

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.

17 Jun 2026

1492.90

-0.33%

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.

Coforge has gained 28.36% in the last 3 Months

Coforge Ltd.

17 Jun 2026

1492.90

-0.33%

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 1693.00 from 10 brokers.

Coforge Ltd.

17 Jun 2026

1492.90

-0.33%

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 its 150 day SMA of 1476.1

Coforge Ltd.

17 Jun 2026

1492.90

-0.33%

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...

ICICI Securities Limited increased Buy price target of Coforge Ltd. to 1690.0 on 17 Jun, 2026.

Coforge Ltd.

18 May 2026

1492.90

-0.33%

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 has gained 28.36% in the last 3 Months

Coforge Ltd.

07 May 2026

1492.90

-0.33%

Coforge Ltd.

Buy: Coforge Ltd.

Target

ICICI Direct

Q4FY26 & FY26 Performance: Coforge reported revenue of US$489.1 mn, up 1.7% QoQ/ 21.2% YoY in US$ terms (+2% QoQ CC/ +28.7% YoY CC). EBITDA margin came at 20.6%, up ~232 bps QoQ while EBIT margin stood at 16.6%, up ~231 bps QoQ. Reported PAT (continuing business) stood at 612.3 crore, up 144.8% QoQ/135.7% YoY. For FY26, revenue stood at US$1.87 bn, up 29.1% YoY. EBITDA margins came at 18.6%, up ~430 bps YoY while EBIT margin stood at 14.4%, up...

Coforge Ltd. is trading above its 150 day SMA of 1476.1

Coforge Ltd.

06 May 2026

1492.90

-0.33%

Coforge (COFORGE IN) Q4FY26 Result Update Strong execution, doubling down on AI opportunities BUY

Buy: Coforge Ltd.

Prabhudas Lilladhar

Steady revenue growth & strong margin expansion in Q4 Deal momentum continues with healthy order intake The revenue growth performance (2.0% QoQ CC) was tad above our estimates (1.8% QoQ CC), aided by broad-based growth excluding BFS. The softness in BFS was led by client-specific challenges along with the transition of new senior leader. However, management anticipates BFS recovery, as it progresses through FY27, aided by large deal wins. Deal momentum remained strong with 21 large deals in FY26, with healthy order intake of US$ 648mn in Q4 & executable order book of US$ 1.75bn (+16.4% YoY)....

Coforge Ltd. is trading above its 150 day SMA of 1476.1

Coforge Ltd.

06 May 2026

1492.90

-0.33%

Result Update:Coforge

Buy: Coforge Ltd.

Target

Axis Direct

Given the company's strong growth potential, backed by robust deal wins and superior execution capabilities, we maintain our BUY rating on the stock.

Coforge Ltd. has an average target of 1693.00 from 10 brokers.

Coforge Ltd.

06 May 2026

1492.90

-0.33%

Coforge (COFORGE): Q4FY26 Result Review

Hold: Coforge Ltd.

Recommendation Target

IDBI Capital

Coforge delivered a strong performance in FY26, growing 29.2% in dollar terms for the full year, with Q4FY26 EBIT margins stood at a record 16.6%, expanded by 430bps YoY mainly driven by AI-led automation of internal processes, SG&A leverage, and third-party cost reduction. The executable order book stands at USD 1.75bn (up 16.4% YoY), with additional framework agreements from the UK public sector not yet reflected in this number. Management guided for FY27 EBITDA margins of 20.521% (consolidated) and standalone EBIT of 16.517%, representing a structural reset not cyclical one. Free cash flow guidance upgraded sharply to ~100% of PAT from prior...

Coforge Ltd. is trading below its 200 day SMA of 1539.4

Coforge Ltd.

06 May 2026

1492.90

-0.33%

Margins hold the fort; improvement in organic revenue growth key to next leg of rally

Buy: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

Coforge’s organic revenue growth for FY27 is likely to be impacted by exit of low-margin India portfolio and weak exit runrate in its largest vertical BFS. It has a healthy next-12-month orderbook (up 16% YoY), and agreements with UK public sector clients not yet included in order book could lead to healthy revenue recovery from Q2FY27.

Coforge Ltd. is trading below its 200 day SMA of 1539.4

Is NIIT Technologies Ltd. worth buying?

335 Votes:

Buy 73.43%

Sell 20.3%

Hold 6.27%

RESEARCH REPORTS

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