Wipro (WIT) Stock Forecast, Price Target & Predictions
WIT Stock Forecast
Wipro stock forecast is as follows: an average price target of $7.00 (represents a 87.67% upside from WIT’s last price of $3.73) and a rating consensus of 'Hold', based on 5 wall street analysts offering a 1-year stock forecast.
WIT Price Target
The average price target for Wipro (WIT) is $7.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $7.00 to $7.00. This represents a potential 87.67% upside from WIT's last price of $3.73.
WIT Analyst Ratings
According to 5 Wall Street analysts, Wipro's rating consensus is 'Hold'. The analyst rating breakdown for WIT stock is 0 'Strong Buy' (0.00%), 1 'Buy' (20.00%), 2 'Hold' (40.00%), 2 'Sell' (40.00%), and 0 'Strong Sell' (0.00%).
Wipro Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Hazim Bahari | CFRA | $7.00 | $6.59 | 6.22% | 87.67% |
| Apr 27, 2022 | Take Jefferies | Jefferies | $7.70 | $6.71 | 14.75% | 106.43% |
The latest Wipro stock forecast, released on Oct 21, 2024 by Hazim Bahari from CFRA, set a price target of $7.00, which represents a 6.22% increase from the stock price at the time of the forecast ($6.59), and a 87.67% increase from WIT last price ($3.73).
Wipro Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $7.00 | $7.00 |
| Last Closing Price | $3.73 | $3.73 | $3.73 |
| Upside/Downside | -100.00% | 87.67% | 87.67% |
In the current month, the average price target of Wipro stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Wipro's last price of $3.73. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | CFRA | Hold | Hold | Hold |
| Oct 02, 2024 | Investec | Hold | Sell | Downgrade |
| Jul 03, 2024 | Citigroup | Sell | Sell | Hold |
| Jun 17, 2024 | Investec | Hold | Upgrade | |
| Apr 08, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
| Sep 13, 2022 | Goldman Sachs | Buy | Upgrade | |
| Jul 08, 2022 | Jefferies | Hold | Downgrade |
Wipro's last stock rating was published by CFRA on Oct 21, 2024. The company gave WIT a "Hold" rating, the same as its previous rate.
Wipro Financial Forecast
Wipro Revenue Forecast
| Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $231.90B | $232.29B | $196.67B | $182.52B | $162.45B | $156.70B | $151.15B | $149.13B | $157.11B | $154.71B |
| Avg Forecast | $257.70B | $252.14B | $248.09B | $242.14B | $257.70B | $252.14B | $248.09B | $242.14B | $238.26B | $234.01B | $233.35B | $228.27B | $225.00B | $221.76B | $222.22B | $221.78B | $221.44B | $221.45B | $228.96B | $228.74B | $234.03B | $231.12B | $192.38B | $176.93B | $159.34B | $154.93B | $151.01B | $148.07B | $155.79B | $153.65B |
| High Forecast | $259.47B | $253.86B | $249.78B | $243.80B | $259.47B | $253.86B | $249.78B | $243.80B | $239.89B | $235.61B | $234.95B | $229.83B | $226.54B | $223.27B | $223.74B | $221.84B | $221.49B | $229.48B | $230.52B | $230.30B | $235.63B | $232.70B | $192.38B | $176.93B | $159.34B | $154.93B | $151.01B | $148.07B | $155.79B | $153.65B |
| Low Forecast | $256.84B | $251.29B | $247.25B | $241.33B | $256.84B | $251.29B | $247.25B | $241.33B | $237.46B | $233.23B | $232.56B | $227.50B | $224.25B | $221.01B | $221.48B | $221.72B | $221.40B | $212.63B | $228.19B | $227.97B | $233.24B | $230.34B | $192.38B | $176.93B | $159.34B | $154.93B | $151.01B | $148.07B | $155.79B | $153.65B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 8 | 7 | 10 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.01% | 1.02% | 1.03% | 1.02% | 1.01% | 1.00% | 1.01% | 1.01% | 1.01% |
Wipro's average Quarter revenue forecast for Jun 23 based on 1 analysts is $228.74B, with a low forecast of $227.97B, and a high forecast of $230.30B. WIT's average Quarter revenue forecast represents a -1.36% decrease compared to the company's last Quarter revenue of $231.90B (Mar 23).
Wipro EBITDA Forecast
| Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 8 | 7 | 10 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $42.05B | $41.26B | $46.74B | $47.68B | $45.45B | $47.34B | $39.56B | $37.90B | $36.43B | $37.28B |
| Avg Forecast | $56.95B | $55.72B | $54.82B | $53.51B | $57.03B | $55.80B | $54.90B | $53.59B | $52.73B | $51.79B | $51.64B | $50.52B | $49.79B | $49.07B | $49.18B | $49.08B | $49.00B | $49.01B | $50.67B | $50.62B | $51.79B | $51.15B | $42.78B | $39.34B | $35.43B | $34.45B | $33.58B | $32.92B | $34.64B | $34.17B |
| High Forecast | $57.33B | $56.10B | $55.19B | $53.87B | $57.42B | $56.18B | $55.28B | $53.95B | $53.09B | $52.14B | $51.99B | $50.86B | $50.13B | $49.41B | $49.51B | $49.09B | $49.01B | $50.78B | $51.01B | $50.97B | $52.15B | $51.50B | $42.78B | $39.34B | $35.43B | $34.45B | $33.58B | $32.92B | $34.64B | $34.17B |
| Low Forecast | $56.75B | $55.53B | $54.64B | $53.33B | $56.84B | $55.61B | $54.72B | $53.41B | $52.55B | $51.61B | $51.47B | $50.35B | $49.63B | $48.91B | $49.01B | $49.07B | $48.99B | $47.05B | $50.50B | $50.45B | $51.62B | $50.97B | $42.78B | $39.34B | $35.43B | $34.45B | $33.58B | $32.92B | $34.64B | $34.17B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 0.81% | 1.09% | 1.21% | 1.28% | 1.37% | 1.18% | 1.15% | 1.05% | 1.09% |
1 analysts predict WIT's average Quarter EBITDA for Jun 23 to be $50.62B, with a high of $50.97B and a low of $50.45B. This is 20.37% upper than Wipro's previous annual EBITDA (Mar 23) of $42.05B.
Wipro Net Income Forecast
| Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 8 | 7 | 10 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $30.75B | $30.53B | $29.31B | $32.32B | $29.72B | $29.67B | $24.66B | $23.90B | $23.26B | $24.56B |
| Avg Forecast | $34.38B | $33.71B | $33.05B | $31.93B | $17.19B | $16.85B | $16.53B | $15.96B | $16.50B | $16.04B | $16.33B | $15.99B | $15.24B | $14.78B | $15.06B | $14.86B | $3.50T | $13.38B | $14.21B | $14.38B | $3.14T | $2.99T | $27.13B | $27.08B | $2.18T | $23.50B | $22.42B | $19.29B | $2.07T | $21.92B |
| High Forecast | $34.69B | $34.01B | $33.35B | $32.21B | $17.34B | $17.00B | $16.67B | $16.11B | $16.65B | $16.18B | $16.47B | $16.13B | $15.37B | $14.91B | $15.19B | $14.99B | $4.20T | $13.50B | $14.34B | $14.51B | $3.77T | $3.59T | $27.13B | $27.08B | $2.61T | $23.50B | $22.42B | $19.29B | $2.48T | $21.92B |
| Low Forecast | $34.23B | $33.56B | $32.91B | $31.79B | $17.12B | $16.78B | $16.45B | $15.89B | $16.43B | $15.97B | $16.26B | $15.92B | $15.17B | $14.71B | $14.99B | $14.79B | $2.80T | $13.32B | $14.15B | $14.32B | $2.51T | $2.39T | $27.13B | $27.08B | $1.74T | $23.50B | $22.42B | $19.29B | $1.66T | $21.92B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.01% | 0.01% | 1.08% | 1.19% | 0.01% | 1.26% | 1.10% | 1.24% | 0.01% | 1.12% |
Wipro's average Quarter net income forecast for Jun 23 is $14.38B, with a range of $14.32B to $14.51B. WIT's average Quarter net income forecast represents a -53.22% decrease compared to the company's last Quarter net income of $30.75B (Mar 23).
Wipro SG&A Forecast
| Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 8 | 7 | 10 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $32.58B | $32.77B | $25.14B | $23.55B | $12.57B | $19.14B | $17.78B | $19.80B | $14.44B | $18.53B |
| Avg Forecast | $32.00B | $31.31B | $30.81B | $30.07B | $32.00B | $31.31B | $30.81B | $30.07B | $29.59B | $29.06B | $28.98B | $28.35B | $27.94B | $27.54B | $27.60B | $27.54B | $27.50B | $27.50B | $28.43B | $28.41B | $29.06B | $28.70B | $24.66B | $22.68B | $20.42B | $19.86B | $19.36B | $18.98B | $19.97B | $19.69B |
| High Forecast | $32.22B | $31.53B | $31.02B | $30.28B | $32.22B | $31.53B | $31.02B | $30.28B | $29.79B | $29.26B | $29.18B | $28.54B | $28.13B | $27.73B | $27.78B | $27.55B | $27.50B | $28.50B | $28.63B | $28.60B | $29.26B | $28.90B | $24.66B | $22.68B | $20.42B | $19.86B | $19.36B | $18.98B | $19.97B | $19.69B |
| Low Forecast | $31.89B | $31.21B | $30.70B | $29.97B | $31.89B | $31.21B | $30.70B | $29.97B | $29.49B | $28.96B | $28.88B | $28.25B | $27.85B | $27.45B | $27.50B | $27.53B | $27.49B | $26.40B | $28.34B | $28.31B | $28.96B | $28.60B | $24.66B | $22.68B | $20.42B | $19.86B | $19.36B | $18.98B | $19.97B | $19.69B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.14% | 1.02% | 1.04% | 0.62% | 0.96% | 0.92% | 1.04% | 0.72% | 0.94% |
Wipro's average Quarter SG&A projection for Jun 23 is $28.41B, based on 1 Wall Street analysts, with a range of $28.31B to $28.60B. The forecast indicates a -12.81% fall compared to WIT last annual SG&A of $32.58B (Mar 23).
Wipro EPS Forecast
| Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 8 | 7 | 10 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.61 | $5.57 | $5.36 | $5.92 | $5.39 | $5.21 | $4.33 | $4.20 | $4.09 | $4.31 |
| Avg Forecast | $6.56 | $6.43 | $6.31 | $6.09 | $3.28 | $3.22 | $3.15 | $3.05 | $3.15 | $3.06 | $3.12 | $3.05 | $2.91 | $2.82 | $2.87 | $2.83 | $2.67 | $2.55 | $2.71 | $2.74 | $2.87 | $2.62 | $5.18 | $5.17 | $5.07 | $4.49 | $4.28 | $3.68 | $4.26 | $4.19 |
| High Forecast | $6.62 | $6.49 | $6.36 | $6.15 | $3.31 | $3.24 | $3.18 | $3.07 | $3.18 | $3.09 | $3.14 | $3.08 | $2.93 | $2.84 | $2.90 | $2.86 | $2.70 | $2.58 | $2.74 | $2.77 | $2.89 | $2.64 | $5.18 | $5.17 | $5.07 | $4.49 | $4.28 | $3.68 | $4.26 | $4.19 |
| Low Forecast | $6.53 | $6.40 | $6.28 | $6.07 | $3.27 | $3.20 | $3.14 | $3.03 | $3.13 | $3.05 | $3.10 | $3.04 | $2.89 | $2.81 | $2.86 | $2.82 | $2.66 | $2.54 | $2.70 | $2.73 | $2.85 | $2.60 | $5.18 | $5.17 | $5.07 | $4.49 | $4.28 | $3.68 | $4.26 | $4.19 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.96% | 2.13% | 1.03% | 1.14% | 1.06% | 1.16% | 1.01% | 1.14% | 0.96% | 1.03% |
According to 1 Wall Street analysts, Wipro's projected average Quarter EPS for Jun 23 is $2.74, with a low estimate of $2.73 and a high estimate of $2.77. This represents a -51.09% decrease compared to WIT previous annual EPS of $5.61 (Mar 23).
Wipro Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TTEC | TTEC | $4.92 | $35.67 | 625.00% | Hold |
| WIT | Wipro | $3.70 | $7.00 | 89.19% | Hold |
| CDW | CDW | $176.66 | $245.00 | 38.68% | Buy |
| CACI | CACI | $415.14 | $525.14 | 26.50% | Buy |
| WNS | WNS | $47.84 | $58.33 | 21.93% | Buy |
| IT | Gartner | $497.42 | $545.75 | 9.72% | Hold |
| INFY | Infosys | $23.13 | $25.00 | 8.08% | Hold |
| ACN | Accenture | $357.30 | $378.21 | 5.85% | Buy |
| CTSH | Cognizant Technology Solutions | $81.03 | $82.29 | 1.55% | Hold |
| ASGN | ASGN | $87.17 | $88.00 | 0.95% | Buy |
| G | Genpact | $43.27 | $43.67 | 0.92% | Hold |
| TASK | TaskUs | $17.26 | $17.33 | 0.41% | Hold |
| BR | Broadridge Financial Solutions | $229.69 | $230.00 | 0.13% | Hold |
| EXLS | ExlService | $45.59 | $39.00 | -14.45% | Buy |
| TWKS | Thoughtworks | $4.47 | $2.50 | -44.07% | Hold |