Wipro stock: Jefferies raises target from INR 150 to INR 155

Published on 10/22/2026 at 17:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 margin reached 16.5 percent, up 0.5 percentage points sequentially on October 15, 2026. Wipro stock costs EUR 1.95 on October 22, 2026.

Analyst target and margin

Jefferies retained an Underperform rating while raising its target from INR 150 to INR 155 on October 16, 2026.
Wipro's IT services operating margin reached 16.5 percent in the quarter ended September 30, 2026, up 0.5 percentage points sequentially.
Wipro stock costs EUR 1.95 at Lang & Schwarz on October 22, 2026 at 5:28 p.m. CEST.

WIT, US97651M1099, Illustration mit AI erstellt.

Wipro (ISIN US97651M1099) is facing a cautious analyst signal after Jefferies raised its target from INR 150 to INR 155 while retaining Underperform on October 16, 2026, according to NDTV Profit. Wipro was trading at EUR 1.95 at Lang & Schwarz on October 22, 2026 at 5:28 p.m. CEST.

Target rises, rating stays cautious

Jefferies' move raised the numerical target but did not change the brokerage's negative stance. The same report said the firm remained concerned about Wipro's growth outlook and weaker deal wins, keeping the target below the INR 184.99 price cited for October 16, 2026.

Citi also raised its target from INR 140 to INR 145 while retaining Sell, according to NDTV Profit. The two revisions therefore point to higher valuation assumptions without removing the central growth concern.

Margin improves as bookings weaken

Wipro's results for the quarter ended September 30, 2026 showed IT services revenue of USD 2.61 billion, up 0.3 percent year over year in reported terms, while constant-currency revenue increased 0.6 percent year over year. Operating margin reached 16.5 percent, up 0.5 percentage points sequentially, according to Yahoo Finance.

The weaker counterpoint was bookings. Total bookings fell 22.9 percent sequentially to USD 2.595 billion, while large deal bookings declined 58.6 percent sequentially to USD 674.00 million. Net income fell 1.9 percent year over year to USD 333.90 million, showing why the improved margin has not yet removed concerns about demand.

Price position and valuation

On the NYSE, Wipro last traded at USD 2.17 on October 22, 2026 at 11:30 a.m. ET. The stock's 52-week range was USD 1.59 to USD 3.09, while its market capitalization stood at USD 21.5 billion on the same date.

The company's next-quarter outlook also remained narrow. Wipro guided IT services revenue to USD 2.571 billion to USD 2.625 billion for the quarter ending December 31, 2026, equivalent to constant-currency sequential growth of minus 1.5 percent to plus 0.5 percent, according to Wipro.

What matters for the next report?

The key test is whether stronger margins can coexist with better contract intake. A 16.5 percent operating margin offers support, but the 22.9 percent sequential bookings decline leaves revenue conversion as the more important operating question for the next reporting cycle.

Wipro stock stays tied to execution

Jefferies' higher target and the margin improvement offer two measurable positives, but its unchanged Underperform rating and Wipro's cautious revenue outlook keep execution at the center of the valuation debate. The next evidence will come from deal conversion, sequential IT services growth and margin discipline.

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