Wipro (WIT) Stock Forecast & Price Target

$3.44 +0.14 (+4.09%)

As of 01/17/2025 03:59 PM Eastern

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 5 Analyst Ratings

Sell
1

Hold
2

Buy
2

Based on 5 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 5 analysts, 1 has given a sell rating, 2 have given a hold rating, 1 has given a buy rating, and 1 has given a strong buy rating for WIT.

Consensus Price Target

N/A

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WIT Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
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	2 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	N/A	$5.60	$5.60	$4.82
Forecasted Upside	N/A	53.42% Upside	-15.02% Downside	-16.61% Downside
Consensus Rating	Hold	Hold	Hold	Strong Sell

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	2.40	2.69	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	N/A	256.14% Upside	12.44% Upside
News Sentiment Rating	Neutral News See Recent WIT News	Neutral 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
1/2/2025	UBS Group 4 of 5 stars	S. Kumar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral
12/9/2024	HSBC 3 of 5 stars		Upgrade	Reduce ➝ Hold
10/3/2024	Investec 4 of 5 stars		Downgrade	Hold ➝ Sell
7/2/2024	Nomura Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	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 Monday at 06:21 PM 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 Sunday, January 19, 2025. 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 reported earnings per share (EPS) of $0.07 for the latest quarter, meeting analysts' expectations. This consistency in performance can indicate stability and reliability in the company's financial health.
The company achieved a net margin of 13.23%, which reflects its ability to convert revenue into profit effectively. A higher net margin is generally a positive sign for investors, suggesting efficient management and operational effectiveness.
Wipro Limited has a return on equity (ROE) of 14.98%, indicating that the company is effective at generating profits from its equity. A strong ROE can attract investors looking for companies that utilize their capital efficiently.
Recent institutional interest has increased, with several hedge funds boosting their holdings significantly. For instance, Millennium Management LLC increased its stake by 67.6%, which can be a positive signal to retail investors about the company's potential.
The current stock price of Wipro Limited is approximately $6.50, which may be considered attractive for investors looking for value opportunities in the technology sector.

Wipro
Bear Case

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

Despite meeting EPS expectations, the forecast for the current fiscal year is only $0.14, which may indicate limited growth potential in the near term. Investors often look for companies with strong growth trajectories.
Institutional ownership stands at only 2.36%, which may suggest a lack of confidence from larger investors. Low institutional ownership can sometimes indicate that the stock is not widely regarded as a strong investment.
The competitive landscape in the information technology sector is intense, with many companies vying for market share. This competition can pressure margins and growth, making it challenging for Wipro Limited to maintain its current performance levels.
Wipro Limited operates in a sector that is highly susceptible to economic fluctuations. Economic downturns can lead to reduced IT spending by clients, which could negatively impact revenue and profitability.
Recent changes in management or strategic direction could introduce uncertainty. Investors typically prefer stability in leadership, and any shifts may lead to concerns about the company's future direction.

WIT Forecast - Frequently Asked Questions

: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There is currently 1 sell rating, 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street 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 downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Wipro's stock had 2 upgrades by analysts.
: Wipro has been rated by research analysts at HSBC, and UBS Group 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 1/20/2025 by MarketBeat.com Staff

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Wipro (WIT) Stock Forecast & Price Target