Wipro stock: Jefferies raises target from INR 150.00 to INR 155.00

Published on 10/23/2026 at 15:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wipro guided for USD 2.571 billion to USD 2.625 billion in Q3. Wipro stock costs EUR 1.91 on October 23, 2026.

Analyst target and guidance

Jefferies lifted its Wipro target from INR 150.00 to INR 155.00 on October 16, 2026.
Wipro guided for December-quarter IT services revenue of USD 2.571 billion to USD 2.625 billion.
Wipro stock was trading at EUR 1.91 at Lang & Schwarz on October 23, 2026 at 3:12 p.m. CEST.

WIT, US97651M1099, Illustration mit AI erstellt.

Wipro stock (ISIN US97651M1099) is trading at EUR 1.91 at Lang & Schwarz on October 23, 2026 at 3:12 p.m. CEST. Jefferies raised its target for Wipro from INR 150.00 to INR 155.00 on October 16, 2026 while retaining an Underperform rating, according to NDTV Profit.

Target rises as caution remains

Jefferies increased the target by INR 5.00, or 3.33 percent, but kept its Underperform view. The same report said the broker remained concerned about Wipro's growth outlook and weak deal wins. The target was INR 29.99, or 16.21 percent, below Wipro's NSE price of INR 184.99 on October 16, 2026, using the figures cited by NDTV Profit.

Guidance stays within a narrow band

Wipro's second-quarter IT services revenue reached USD 2,611.5 million for the quarter ended September 30, 2026, up 0.3 percent year over year in reported terms. The IT services operating margin was 16.5 percent, up 0.5 percentage points from the prior quarter, according to Seeking Alpha.

For the quarter ending December 31, 2026, Wipro guided for IT services revenue of USD 2,571 million to USD 2,625 million. The range represents constant-currency sequential growth of minus 1.5 percent to plus 0.5 percent, leaving the midpoint at USD 2,598 million.

Valuation and operating frame

Wipro's market capitalization was USD 21.7 billion as of October 23, 2026. Its primary-market quote was USD 2.19 at the last timestamp of October 22, 2026 at 4:00 p.m. ET, while the 52-week range stood at USD 1.59 to USD 3.09. The company provides information technology, consulting and business process services to enterprise customers.

What comes next for Wipro

The September-quarter results published on October 15, 2026 paired 9.1 percent year-over-year gross revenue growth with a 1.9 percent year-over-year decline in consolidated net profit. For investors, the key tension is visible in the operating figures: margin improved to 16.5 percent, while constant-currency IT services growth was limited to 0.6 percent year over year.

Stock price and investor view

The combination of a higher Jefferies target and restrained December-quarter guidance leaves operating growth as the central measure for the next report. Wipro's EUR 1.91 quote at Lang & Schwarz on October 23, 2026 at 3:12 p.m. CEST gives the German investor perspective on the stock.

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