Wipro (WIT) Stock Forecast & Price Target

$3.65 -0.06 (-1.62%)

(As of 12/20/2024 05:31 PM ET)

Wipro - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 6 Analyst Ratings

Sell
3

Hold
1

Buy
2

Based on 6 Wall Street analysts who have issued ratings for Wipro in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 3 have given a sell rating, 1 has given a hold rating, 1 has given a buy rating, and 1 has given a strong buy rating for WIT.

Consensus Price Target

$5.60
53.42% Upside

According to the 6 analysts' twelve-month price targets for Wipro, the average price target is $5.60. The highest price target for WIT is $6.00, while the lowest price target for WIT is $5.20. The average price target represents a forecasted upside of 53.42% from the current price of $3.65.

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WIT Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$5.60	$5.60	$5.60	$4.30
Forecasted Upside	53.42% Upside	-17.53% Downside	-13.45% Downside	-20.81% Downside
Consensus Rating	Hold	Hold	Hold	Strong Sell

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WIT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WIT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Wipro Stock vs. The Competition

Type	Wipro	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.00	2.69	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	53.42% Upside	265.04% Upside	14.54% Upside
News Sentiment Rating	Neutral News See Recent WIT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/9/2024	HSBC 3 of 5 stars		Upgrade	Reduce ➝ Hold
10/3/2024	Investec 3 of 5 stars		Downgrade	Hold ➝ Sell
7/2/2024	Nomura Securities 5 of 5 stars	A. Bhandari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
1/17/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$5.20	-9.88%
1/16/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$4.00 ➝ $6.00	-4.46%
8/22/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$4.70	-5.62%
5/23/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underweight	$4.30	-8.90%
3/22/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Market Perform ➝ Underperform	$5.10 ➝ $3.90	-12.75%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:08 AM ET.

Should I Buy Wipro Stock? WIT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Wipro pros and cons to contact@marketbeat.com.

Wipro
Bull Case

Here are some ways that investors could benefit from investing in Wipro Limited:

Wipro Limited recently reported earnings per share (EPS) of $0.07, meeting analyst expectations, which indicates stable financial performance and can instill confidence in potential investors.
The company has a strong net margin of 13.23%, suggesting effective cost management and profitability, which are attractive traits for investors looking for solid returns.
Wipro Limited's stock price is currently $6.98, showing a positive trend as it has been trading near its fifty-two week high of $7.04, indicating potential for further growth.
Institutional investors have shown increased interest, with Connor Clark & Lunn Investment Management Ltd. boosting its stake by 116.8%, reflecting confidence in the company's future prospects.
The company has a market capitalization of $36.47 billion, which positions it as a significant player in the information technology sector, providing stability and growth potential for investors.

Wipro
Bear Case

Investors should be bearish about investing in Wipro Limited for these reasons:

Recent analyst ratings have been mixed, with some firms downgrading Wipro Limited from "buy" to "hold" or "sell," which may indicate concerns about future performance.
The company has a relatively high P/E ratio of 25.15, which could suggest that the stock is overvalued compared to its earnings, making it a riskier investment.
Wipro Limited's return on equity is 14.98%, which, while positive, may not be as competitive compared to other firms in the technology sector, potentially limiting investor interest.
Institutional ownership is relatively low at 2.36%, which may indicate a lack of confidence from larger investors, potentially affecting stock stability.
Despite recent revenue of $2.66 billion meeting estimates, any future shortfalls could negatively impact stock performance and investor sentiment.

WIT Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Wipro is $5.60, with a high forecast of $6.00 and a low forecast of $5.20.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There are currently 3 sell ratings, 1 hold rating, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WIT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WIT, but not buy additional shares or sell existing shares.
: According to analysts, Wipro's stock has a predicted upside of 53.42% based on their 12-month stock forecasts.
: Over the previous 90 days, Wipro's stock had 1 upgrade and 1 downgrade by analysts.
: Wipro has been rated by research analysts at HSBC, and Investec in the past 90 days.
: Analysts like Wipro less than other "computer and technology" companies. The consensus rating for Wipro is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how WIT compares to other companies.

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This page (NYSE:WIT) was last updated on 12/21/2024 by MarketBeat.com Staff

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Wipro (WIT) Stock Forecast & Price Target