Jefferies raises Wipro stock target to INR 155 after results

Published on 10/21/2026 at 10:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 9.1 percent year over year, but profit fell 1.9 percent. For Wipro stock, guidance spans minus 1.5 to plus 0.5 percent.

Analyst target and operating outlook

Jefferies raised its Wipro target from INR 150 to INR 155 on October 16, 2026.
Wipro guided for next-quarter IT services revenue of USD 2.571 billion to USD 2.625 billion.
Wipro had a market capitalization of USD 20.3 billion as of October 20, 2026.

WIT, US97651M1099, Illustration mit AI erstellt.

Wipro Limited (ISIN US97651M1099) drew a higher target from Jefferies, which raised its view from INR 150 to INR 155 while retaining an Underperform rating on October 16, 2026, according to Equentis. The move followed Wipro's second-quarter results, which combined higher revenue with weaker profit and cautious guidance.

Results improve margins

For the quarter ended September 30, 2026, Wipro reported revenue of USD 2.583 billion, up 9.1 percent from the year-earlier period, while net income fell 1.9 percent to USD 333.9 million. The figures came from the company's IFRS release carried by Business Wire.

The IT services operating margin reached 16.5 percent in the second quarter, up 0.5 percentage points sequentially. Operating cash flow rose to USD 553.6 million, equal to 165.8 percent of net income, while IT services revenue increased 0.6 percent year over year in constant currency.

What do bookings signal?

The margin improvement sits beside a sharper booking slowdown. Total contract bookings fell 22.9 percent sequentially to USD 2.595 billion, and large deal bookings dropped 58.6 percent to USD 674 million, according to Moneycontrol. That contrast makes forward demand more important than the improved quarterly margin.

Wipro guided for next-quarter IT services revenue of USD 2.571 billion to USD 2.625 billion, implying constant-currency sequential growth of minus 1.5 percent to plus 0.5 percent. The range covers a flat outcome as well as a decline and keeps the near-term growth question open.

Stock valuation and next signal

Wipro's NYSE quote was last at USD 2.05 on October 20, 2026 at 4:00 p.m. ET. The stock's market capitalization was USD 20.3 billion, with a 52-week range of USD 1.59 to USD 3.09 as of that date. These levels frame the analyst target debate, while the next quarterly outlook will test whether bookings convert into revenue.

The further course of trading is shown by the continuously updated real-time quote of Wipro stock.