Wipro Limited (WIT)
NYSE: WIT · IEX Real-Time Price · USD
5.75
+0.05 (0.88%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Wipro Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Wipro stock have an average target of 5.00, with a low estimate of 4.30 and a high estimate of 6.00. The average target predicts a decrease of -13.04% from the current stock price of 5.75.

Analyst Consensus: Strong Sell
Target Low Average Median High
Price $4.30 $5.00 $4.70 $6.00
Change -25.22% -13.04% -18.26% +4.35%
* Price targets were last updated on Jan 16, 2024.

Analyst Ratings

The average analyst rating for Wipro stock from 3 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111000
Buy 000000
Hold 000000
Sell 222332
Strong Sell 111111
Total 444443

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Wedbush
Wedbush
Sell
Maintains
$4$6
Sell Maintains $4$6 +4.35% Jan 16, 2024
Goldman Sachs
Goldman Sachs
Strong Sell
Initiates
$4.7
Strong Sell Initiates $4.7 -18.26% Aug 22, 2023
JP Morgan
JP Morgan
Sell
Initiates
$4.3
Sell Initiates $4.3 -25.22% May 24, 2023
Bernstein
Bernstein
Sell
Downgrades
$5.1$3.9
Sell Downgrades $5.1$3.9 -32.17% Mar 22, 2023
Goldman Sachs
Goldman Sachs
Strong Buy
Upgrades
n/a
Strong Buy Upgrades n/a n/a Sep 13, 2022
More Analyst Ratings

Financial Forecast

Revenue This Year
925.76B
from 904.88B
Increased by 2.31%
Revenue Next Year
973.33B
from 925.76B
Increased by 5.14%
EPS This Year
21.42
from 20.68
Increased by 3.60%
EPS Next Year
24.22
from 21.42
Increased by 13.03%
Year 201820192020202120222023202420252026
Revenue
585.85B610.23B619.43B790.93B904.88B925.76B973.33B1,061.07B-
Revenue Growth
7.52%4.16%1.51%27.69%14.41%2.31%5.14%9.01%-
EPS
14.9516.6219.0722.2920.6821.4224.2227.2528.00
EPS Growth
18.46%11.17%14.74%16.89%-7.22%3.60%13.03%12.51%2.76%
No. Analysts -----4242384
Financial currency is INR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202320242025
High 971.0B 1.1T 1.3T
Avg 925.8B 973.3B 1.1T
Low 876.3B 898.0B 959.2B

Revenue Growth

Revenue Growth 202320242025
High
7.3%
20.4%
29.2%
Avg
2.3%
5.1%
9.0%
Low
-3.2%
-3.0%
-1.5%

EPS Forecast

EPS 2023202420252026
High 22.60 28.77 32.13 28.54
Avg 21.42 24.22 27.25 28.00
Low 19.40 20.58 23.23 26.64

EPS Growth

EPS Growth 2023202420252026
High
9.3%
34.3%
32.7%
4.8%
Avg
3.6%
13.0%
12.5%
2.8%
Low
-6.2%
-3.9%
-4.1%
-2.2%
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.