NSE: COFORGE | BSE: 532541

Expensive Performer

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1829.50 37.00 (2.06%)

77.21% Gain from 52W Low

1.4M NSE+BSE Volume

NSE 16 Jun, 2025 3:56 PM (IST)

61,183.2

Market Cap

High in industry

1.1

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.

Coforge Ltd.

23 Oct 2024

1829.50

2.06%

A blazing quarter

Buy: Coforge Ltd.

Recommendation Target

Motilal Oswal

COFORGE reported 2QFY25 organic revenue growth of 6.3% QoQ in USD terms, above our estimate of 4.3%. It reported an organic CC QoQ growth of 5.5% (consol. CC QoQ growth of 26.3%).

Coforge Ltd. has gained 75.85% in the last 1 Year

Coforge Ltd.

13 Sep 2024

1829.50

2.06%

Organic Business on strong footing, Upgrade to Buy

Buy: Coforge Ltd.

Target

Sharekhan

We upgrade Coforge to Buy with revised price target (PT) of Rs. 8,480 (valued at 40x Sept26E EPS).
At CMP, the stock trades at 48.2/36.5/30.2x its FY25/26/27E EPS.

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

24 Jul 2024

1829.50

2.06%

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 recommend a BUY rating on the stock.

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

24 Jul 2024

1829.50

2.06%

Coforge (NOT RATED): CEO indicates demand bottoming out. Tepid recovery

Not Rated: Coforge Ltd.

BOB Capital Markets Ltd.

CEO believes demand has bottomed out. Industry demand commentary turns positive for the first time in the current cycle

Coforge Ltd. has gained 25.44% in the last 3 Months

Coforge Ltd.

23 Jul 2024

1829.50

2.06%

Results Miss; Margins to moderate due to higher M&A costs

Sell: Coforge Ltd.

Target

Dolat Capital

Coforge reported a miss on CC Rev growth of 1.6% QoQ (DE:1.9%) due to decline in BFS (-4%). Adj. EBITDA margin down 111bps QoQ to 17.9% (DE:18.1%) due to visa & onsite ramp-up (wage hike moved to Q2).

Coforge Ltd. has gained 25.44% in the last 3 Months

Coforge Ltd.

23 Jul 2024

1829.50

2.06%

Organic business continues to do well

Neutral: Coforge Ltd.

Target

Motilal Oswal

COFORGE reported 1QFY25 revenue growth of 1.6% QoQ in CC terms, in line with our estimate. Reported revenue stood at USD291m (up 1.6% QoQ/7.2% YoY).

Coforge Ltd. has gained 75.85% in the last 1 Year

Coforge Ltd.

23 Jul 2024

1829.50

2.06%

Steady performance; one-off causes profit miss

Sell: Coforge Ltd.

Target

Emkay

Coforge reported an in-line set of results in Q1; revenue grew 1.6% QoQ (similar in cc terms), whereas adj. EBITDAM declined by 100bps to 17.9%.

Number of FII/FPI investors increased from 600 to 659 in Mar 2025 qtr.

Coforge Ltd.

23 Jul 2024

1829.50

2.06%

Coforge: Q1FY25 Result Review

Hold: Coforge Ltd.

Target

IDBI Capital

Coforge Ltd. has gained 75.85% in the last 1 Year

Coforge Ltd.

03 May 2024

1829.50

2.06%

Result Update:Coforge

Buy: Coforge Ltd.

Target

Axis Direct

Recommendation: Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock