NSE: COFORGE | BSE: 532541

Mid-range Performer

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1368.10 82.80 (6.44%)

High volume+gain today

NSE 08 May, 2026 3:31 PM (IST)

58,780

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.

07 May 2026

1368.10

6.44%

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 has gained 14.40% in the last 1 Week

Coforge Ltd.

06 May 2026

1368.10

6.44%

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. high volume past week with price gain of 14.40.

Coforge Ltd.

06 May 2026

1368.10

6.44%

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 1676.25 from 8 brokers.

Coforge Ltd.

06 May 2026

1368.10

6.44%

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 at high volume of 9.4M with price gain of 6.44.

Coforge Ltd.

06 May 2026

1368.10

6.44%

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.

ICICI Direct decreased Buy price target of Coforge Ltd. to 1540.0 on 07 May, 2026.

Coforge Ltd.

06 May 2026

1368.10

6.44%

Coforge (HOLD): Likely in leaders quadrant on FY27 organic growth

Hold: Coforge Ltd.

Recommendation Target

BOB Capital Markets Ltd.

4Q weaker on revenue but better on margins. FY26 showed strong organic growth of ~25%. Expect organic growth of ~13% in FY27

Coforge Ltd. high volume past week with price gain of 14.40.

Coforge Ltd.

05 May 2026

1368.10

6.44%

A meaningful step-up

Buy: Coforge Ltd.

Target

Motilal Oswal

COFORGE reported a strong 4Q revenue growth of 2% QoQ in CC terms, above our estimate of 1.5% QoQ CC. The company reported an order intake of USD648m (down 69.5% YoY) in 4Q with five large deals, resulting in a robust 12-month executable order book of USD1.75b.

Coforge Ltd. is trading below its 100 day SMA of 1428.9

Coforge Ltd.

26 Mar 2026

1368.10

6.44%

Coforge Ltd.

Buy: Coforge Ltd.

Target

ICICI Direct

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 at high volume of 9.4M with price gain of 6.44.

Coforge Ltd.

20 Mar 2026

1368.10

6.44%

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%.

ICICI Direct decreased Buy price target of Coforge Ltd. to 1540.0 on 07 May, 2026.

Coforge Ltd.

27 Jan 2026

1368.10

6.44%

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 Ltd. is trading below its 100 day SMA of 1428.9

Is NIIT Technologies Ltd. worth buying?

335 Votes:

Buy 73.43%

Sell 20.3%

Hold 6.27%

RESEARCH REPORTS

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