NSE: COFORGE | BSE: 532541

Mid-range Performer

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1613.10 12.30 (0.77%)

35.10% Gain from 52W Low

1.5M NSE+BSE Volume

NSE 03 Oct, 2025 3:31 PM (IST)

53,973.7

Market Cap

High in industry

1.3

Beta 1Year

Very High Volatility

Analyst Outperform

CLSA starts coverage on Coforge with an 'Outperform' call, expects revenue CAGR of 15% over FY26-28 See details

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.

25 Oct 2021

1613.10

0.77%

Q2FY22 Result Update - Emerging Stronger than ever - BUY

Buy: Coforge Ltd.

Target

Prabhudas Lilladhar

Adjusted EBITDA margin target maintained at 19% for FY22, +100bps YoY. but above consensus estimates (Cons: 5.8%). Miss in revenue was led by to flattish growth in insurance vertical because of delayed Advantage Go license realization which is expected to bounce back in Q3 aiding both...

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Coforge Ltd.

25 Oct 2021

1613.10

0.77%

Coforge (BUY): Strong Q2 performance coupled with large deals

Buy: Coforge Ltd.

Target

BOB Capital Markets Ltd.

Robust Q2 revenue growth of 6.6% QoQ USD led by BFSI; EBIT margin in line at 14.8% (+230bps QoQ)

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Coforge Ltd.

29 Jul 2021

1613.10

0.77%

Result Update:Coforge

Buy: Coforge Ltd.

Target

Axis Direct

We recommend a BUY and assign 37x P/E multiple to its FY23E earnings of Rs 139.5/share which gives a TP of Rs 5,220 /share, implying an upside of 10% from CMP

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

29 Jul 2021

1613.10

0.77%

Coforge Ltd.

Hold: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

...

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Coforge Ltd.

29 Jul 2021

1613.10

0.77%

Strong all-round delivery; valuation remains full

Neutral: Coforge Ltd.

Target

Motilal Oswal

Coforge Ltd (COFORGE) reported strong organic revenue growth of 7% QoQ CC in 1QFY22, above our estimates of 3% QoQ CC. Including the two months of revenue contribution from SLK, revenue growth stood at 16% QoQ (USD), far higher than our exp. of 10.3% QoQ. Growth was driven by deal ramp-ups in the Americas (+30% QoQ, including the SLK impact). It reported another quarter of strong order intake of USD318m (the highest ever), implying 1.6x book-to-bill. This also included three large deals, with one USD105m deal win. The EBITDA margin (pre-RSU) declined 110bps QoQ to 16.1%, weighed by...

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Coforge Ltd.

29 Jul 2021

1613.10

0.77%

Coforge (BUY): Yet another positive surprise; maintain BUY

Buy: Coforge Ltd.

Target

BOB Capital Markets Ltd.

Q1 strong with 16% QoQ USD revenue growth led by BFSI. EBIT margin in line at 12.6% (-107bps QoQ)

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Coforge Ltd.

29 Jul 2021

1613.10

0.77%

Q1FY22 Result Update - Citius, Altius, Fortius! - BUY

Buy: Coforge Ltd.

Target

Prabhudas Lilladhar

executable order book of $645 mn 38.7% YoY 2) sustained strong large deal momentum with $105 mn milestone win this quarter, 3) Increased recognition in product engineering, 4) strengthening of sales team in other vertical...

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

10 May 2021

1613.10

0.77%

EARNINGS UPDATE- COFORGE LTD 4QFY21

Buy: Coforge Ltd.

Target

Chola Wealth Direct

Background: NIIT Technologies rebranded to Coforge ltd is a leading global IT solutions organization. The Company focuses on three key verticals which are Banking and Financial Services (17% of revenues), Insurance (31% of revenues), and Travel/ Transportation (19% of revenues). The company has around 115 active clients across US (46% of revenues), EMEA (40% of revenue) and Row (14% of revenues). The Company in 4QFY21 added 11 new clients and won 2 large...

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

07 May 2021

1613.10

0.77%

First Light | Coforge, CEAT

Buy: Coforge Ltd.

BOB Capital Markets Ltd.

COFORGE: Bumper FY22 guidance; reiterate BUY. CEAT: Rising raw material costs to impact earnings; SELL

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

07 May 2021

1613.10

0.77%

Result Update:CreditAcc. Gram.

Buy: Coforge Ltd.

Target

Axis Direct

We remain positive on the stock from the long term perspective and maintain a BUY with a target price of Rs. 750/share, implying an upside of 23% from CMP. (2.4x FY23E BV).

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Is NIIT Technologies Ltd. worth buying?

298 Votes:

Buy 72.48%

Sell 20.81%

Hold 6.71%

RESEARCH REPORTS

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Buy SEE REPORTS >

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