Dr. Reddy's Laboratories Limited (RDY)

Dr. Reddy's Laboratories Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for RDY stock has a target of 87, which predicts an increase of 17.58% from the current stock price of 73.99.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$87	$87	$87	$87
Change	+17.58%	+17.58%	+17.58%	+17.58%

* Price targets were last updated on Jul 30, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for RDY is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	1	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	1	1	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Balaji Prasad Barclays	Barclays	Buy Maintains $81 → $87	Buy	Maintains	$81 → $87	+17.58%	Jul 30, 2024
Balaji Prasad Barclays	Barclays	Buy Maintains $80 → $81	Buy	Maintains	$80 → $81	+9.47%	May 8, 2024
Balaji Prasad Barclays	Barclays	Buy Maintains $75 → $80	Buy	Maintains	$75 → $80	+8.12%	Jan 29, 2024
Balaji Prasad Barclays	Barclays	Buy Maintains $67 → $70	Buy	Maintains	$67 → $70	-5.39%	Jun 1, 2023
Balaji Prasad Barclays	Barclays	Buy Maintains $66 → $67	Buy	Maintains	$66 → $67	-9.45%	Oct 31, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

316.55B

Increased by 13.39%

from 279.16B

Revenue Next Year

342.99B

Increased by 8.35%

from 316.55B

EPS This Year

70.07

Decreased by -79.02%

from 334.02

EPS Next Year

72.60

Increased by 3.62%

from 70.07

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2020	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	174.60B	189.72B	214.39B	245.88B	279.16B	316.55B	342.99B	332.63B
Revenue Growth	13.49%	8.66%	13.00%	14.69%	13.54%	13.39%	8.35%	-3.02%
EPS	117.40	103.65	141.69	270.85	334.02	70.07	72.60	57.89
EPS Growth	3.81%	-11.71%	36.70%	91.16%	23.32%	-79.02%	3.62%	-20.27%
Forward PE	-	-	-	-	-	88.82	85.72	107.52
No. Analysts	-	-	-	-	-	36	36	24

Financial currency is INR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027
High	348.2B	406.4B	388.8B
Avg	316.5B	343.0B	332.6B
Low	256.8B	286.4B	276.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027
High	24.7%	28.4%	13.3%
Avg	13.4%	8.4%	-3.0%
Low	-8.0%	-9.5%	-19.3%

EPS Forecast

EPS	2024	2025	2026
High	82.43	95.72	76.57
Avg	70.07	72.60	57.89
Low	41.04	50.45	37.87

EPS Growth

EPS Growth	2024	2025	2026
High	-75.3%	36.6%	5.5%
Avg	-79.0%	3.6%	-20.3%
Low	-87.7%	-28.0%	-47.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.