Wipro Ltd has a consensus price target of $5.32 based on the ratings of 8 analysts. The high is $7.7 issued by Jefferies on February 4, 2022. The low is $3.9 issued by Bernstein on March 22, 2023. The 3 most-recent analyst ratings were released by Wedbush, Goldman Sachs, and JP Morgan on January 16, 2024, August 22, 2023, and May 24, 2023, respectively. With an average price target of $5 between Wedbush, Goldman Sachs, and JP Morgan, there's an implied 35.50% upside for Wipro Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Wipro (NYSE:WIT) was reported by Wedbush on January 16, 2024. The analyst firm set a price target for $6.00 expecting WIT to rise to within 12 months (a possible 62.60% upside). 1 analyst firms have reported ratings in the last year.
The latest analyst rating for Wipro (NYSE:WIT) was provided by Wedbush, and Wipro maintained their underperform rating.
The last upgrade for Wipro Ltd happened on September 13, 2022 when Goldman Sachs raised their price target to N/A. Goldman Sachs previously had a sell for Wipro Ltd.
The last downgrade for Wipro Ltd happened on March 22, 2023 when Bernstein changed their price target from $5.1 to $3.9 for Wipro Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Wipro, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Wipro was filed on January 16, 2024 so you should expect the next rating to be made available sometime around January 16, 2025.
While ratings are subjective and will change, the latest Wipro (WIT) rating was a maintained with a price target of $4.00 to $6.00. The current price Wipro (WIT) is trading at is $3.69, which is out of the analyst’s predicted range.
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