Wipro Limited (WIT)
NYSE: WIT · IEX Real-Time Price · USD
6.42
+0.23 (3.72%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Wipro Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Wipro stock have an average target of 5.35, with a low estimate of 4.70 and a high estimate of 6.00. The average target predicts a decrease of -16.67% from the current stock price of 6.42.
Analyst Consensus: Strong Sell
* Price targets were last updated on Jan 16, 2024.
Analyst Ratings
The average analyst rating for Wipro stock from 2 stock analysts is "Strong Sell". This means that analysts believe this stock is likely to have very poor returns in the near future.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 3 | 3 | 3 | 3 | 3 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 4 | 4 | 4 | 4 | 4 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Sell Maintains $4 → $6 | Sell | Maintains | $4 → $6 | -6.54% | Jan 16, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Initiates $4.7 | Strong Sell | Initiates | $4.7 | -26.79% | Aug 22, 2023 |
| JP Morgan | JP Morgan | Sell Initiates $4.3 | Sell | Initiates | $4.3 | -33.02% | May 24, 2023 |
| Bernstein | Bernstein | Hold → Sell Downgrades $5.1 → $3.9 | Hold → Sell | Downgrades | $5.1 → $3.9 | -39.25% | Mar 22, 2023 |
| Goldman Sachs | Goldman Sachs | Strong Sell → Strong Buy Upgrades n/a | Strong Sell → Strong Buy | Upgrades | n/a | n/a | Sep 13, 2022 |
Financial Forecast
Revenue This Year
942.72B
from 897.60B
Increased by 5.03%
Revenue Next Year
1,013.51B
from 942.72B
Increased by 7.51%
EPS This Year
23.75
from 20.82
Increased by 14.09%
EPS Next Year
26.32
from 23.75
Increased by 10.80%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 989.1B | 1.1T | 1.2T | 1.2T | 1.3T |
| Avg | 942.7B | 1.0T | 1.1T | 1.2T | 1.3T |
| Low | 876.3B | 922.2B | 951.8B | 1.2T | 1.2T |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.2% | 16.8% | 14.7% | 15.2% | 7.0% |
| Avg | 5.0% | 7.5% | 6.5% | 13.0% | 5.0% |
| Low | -2.4% | -2.2% | -6.1% | 7.5% | -0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.77 | 32.13 | 32.65 | 35.97 | 39.43 |
| Avg | 23.75 | 26.32 | 28.47 | 32.73 | 38.68 |
| Low | 21.00 | 22.29 | 23.29 | 28.70 | 36.80 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 38.2% | 35.3% | 24.1% | 26.3% | 20.5% |
| Avg | 14.1% | 10.8% | 8.2% | 14.9% | 18.2% |
| Low | 0.9% | -6.2% | -11.5% | 0.8% | 12.5% |
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.