|
04 May 2025 |
Coforge
|
Consensus Share Price Target
|
7382.00 |
8749.45 |
- |
18.52 |
buy
|
|
|
|
|
24 Jan 2025
|
Coforge
|
Emkay
|
7382.00
|
8600.00
|
9234.60
(-20.06%)
|
Target met |
Sell
|
|
|
Coforge reported strong topline growth of 8.4% QoQ (CC), well ahead of our estimate of 4.7%. Growth was healthy across most horizontals, verticals, and geographies.
|
|
24 Jan 2025
|
Coforge
|
BOB Capital Markets Ltd.
|
7382.00
|
7072.00
|
9234.60
(-20.06%)
|
Target met |
Sell
|
|
|
3QFY25 was blockbuster quarter 8.4% growth QoQ in CC terms (our estimate-2.8%. Belied seasonality)
|
|
23 Jan 2025
|
Coforge
|
Motilal Oswal
|
7382.00
|
12000.00
|
9196.45
(-19.73%)
|
62.56 |
Buy
|
|
|
COFORGE reported 3QFY25 strong revenue growth of 8.4% QoQ in CC terms, above our estimate of 4.9% QoQ CC. Reported revenue stood at USD397m (up 7.5% QoQ/40.8% YoY).
|
|
23 Jan 2025
|
Coforge
|
IDBI Capital
|
7382.00
|
9459.00
|
9234.60
(-20.06%)
|
28.14 |
Buy
|
|
|
|
|
24 Oct 2024
|
Coforge
|
Sharekhan
|
7382.00
|
8900.00
|
7699.05
(-4.12%)
|
Target met |
Buy
|
|
|
Coforge reported revenue of $369.4 million, up 26.8% q-o-q/32.8% y-o-y. Organic revenue stood at $309.8 million, up 5.5% q-o-q in constant currency terms, beating our estimate of $305.9 million.
|
|
24 Oct 2024
|
Coforge
|
Axis Direct
|
7382.00
|
8275.00
|
7699.05
(-4.12%)
|
Target met |
Buy
|
|
|
Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock.
|
|
23 Oct 2024
|
Coforge
|
Motilal Oswal
|
7382.00
|
10000.00
|
7557.80
(-2.33%)
|
Target met |
Buy
|
|
|
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%).
|
|
13 Sep 2024
|
Coforge
|
Sharekhan
|
7382.00
|
8480.00
|
7013.75
(5.25%)
|
Target met |
Buy
|
|
|
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.
|
|
24 Jul 2024
|
Coforge
|
Axis Direct
|
7382.00
|
6895.00
|
6334.10
(16.54%)
|
Target met |
Buy
|
|
|
Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock.
|
|
24 Jul 2024
|
Coforge
|
BOB Capital Markets Ltd.
|
7382.00
|
|
6334.10
(16.54%)
|
|
Not Rated
|
|
|
CEO believes demand has bottomed out. Industry demand commentary turns positive for the first time in the current cycle
|
|
23 Jul 2024
|
Coforge
|
IDBI Capital
|
7382.00
|
6272.00
|
6334.10
(16.54%)
|
Target met |
Hold
|
|
|
|
|
23 Jul 2024
|
Coforge
|
Emkay
|
7382.00
|
6200.00
|
6179.35
(19.46%)
|
Target met |
Sell
|
|
|
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%.
|
|
23 Jul 2024
|
Coforge
|
Motilal Oswal
|
7382.00
|
6100.00
|
6179.35
(19.46%)
|
Target met |
Neutral
|
|
|
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).
|
|
23 Jul 2024
|
Coforge
|
Dolat Capital
|
7382.00
|
6150.00
|
6179.35
(19.46%)
|
Target met |
Sell
|
|
|
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).
|
|
03 May 2024
|
Coforge
|
IDBI Capital
|
7382.00
|
5495.00
|
4482.55
(64.68%)
|
Target met |
Hold
|
|
|
|
|
03 May 2024
|
Coforge
|
Axis Direct
|
7382.00
|
5585.00
|
4482.55
(64.68%)
|
Target met |
Buy
|
|
|
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
|
|
02 May 2024
|
Coforge
|
Emkay
|
7382.00
|
5200.00
|
4985.70
(48.06%)
|
Target met |
Sell
|
|
|
Coforge posted weak Q4 results – revenue and margin both missed estimates. Deal intake grew >2x in Q4, QoQ and YoY, on the back of a large renewal deal (USD400mn TCV; 6Y tenure).
|
|
02 Apr 2024
|
Coforge
|
Sharekhan
|
7382.00
|
7670.00
|
5662.60
(30.36%)
|
Target met |
Buy
|
|
|
|
|
23 Jan 2024
|
Coforge
|
Axis Direct
|
7382.00
|
6905.00
|
6201.60
(19.03%)
|
Target met |
Buy
|
|
|
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.
|
|
23 Jan 2024
|
Coforge
|
Motilal Oswal
|
7382.00
|
6600.00
|
6201.60
(19.03%)
|
Target met |
Neutral
|
|
|
|