Wipro (WIT) Stock Forecast, Price Target & Predictions
WIT Stock Forecast
Wipro stock forecast is as follows: an average price target of $7.35 (represents a 6.83% upside from WIT’s last price of $6.88) 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 $7.35 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $7.70 to $7.00. This represents a potential 6.83% upside from WIT's last price of $6.88.
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% | 1.74% |
| Apr 27, 2022 | Take Jefferies | Jefferies | $7.70 | $6.71 | 14.75% | 11.92% |
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 1.74% increase from WIT last price ($6.88).
Wipro Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $7.00 | $7.00 | $7.00 |
| Last Closing Price | $6.88 | $6.88 | $6.88 |
| Upside/Downside | 1.74% | 1.74% | 1.74% |
In the current month, the average price target of Wipro stock is $7.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 1.74% increase as opposed to Wipro's last price of $6.88. This month's average price target is down 0.00% compared to last quarter, and down 0.00% 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 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 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $231.90B | $232.29B | $225.40B | $215.29B | $208.60B | $203.14B | $196.67B | $182.52B | $162.45B | $156.70B | $151.15B | $149.13B | $157.11B | $154.71B |
| Avg Forecast | $259.61B | $254.00B | $249.92B | $243.93B | $240.02B | $235.74B | $235.07B | $229.96B | $225.56B | $222.22B | $222.22B | $221.78B | $221.44B | $221.45B | $228.96B | $228.74B | $234.03B | $231.12B | $227.36B | $214.29B | $209.32B | $202.94B | $192.38B | $176.93B | $159.34B | $154.93B | $151.01B | $148.07B | $155.79B | $153.65B |
| High Forecast | $261.68B | $256.03B | $251.91B | $245.88B | $241.94B | $237.63B | $236.95B | $231.79B | $227.36B | $224.00B | $224.00B | $221.84B | $221.49B | $229.48B | $230.78B | $230.56B | $235.90B | $232.96B | $227.36B | $214.29B | $209.32B | $202.94B | $192.38B | $176.93B | $159.34B | $154.93B | $151.01B | $148.07B | $155.79B | $153.65B |
| Low Forecast | $258.08B | $252.51B | $248.45B | $242.50B | $238.61B | $234.36B | $233.70B | $228.61B | $224.23B | $220.92B | $220.92B | $221.72B | $221.40B | $212.63B | $227.61B | $227.40B | $232.66B | $229.76B | $227.36B | $214.29B | $209.32B | $202.94B | $192.38B | $176.93B | $159.34B | $154.93B | $151.01B | $148.07B | $155.79B | $153.65B |
| # Analysts | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 8 | 7 | 10 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.01% | 0.99% | 1.00% | 1.00% | 1.00% | 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 $227.40B, and a high forecast of $230.56B. 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 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 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 8 | 7 | 10 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $42.05B | $41.26B | $43.09B | $42.16B | $37.64B | $46.62B | $46.74B | $47.68B | $45.45B | $47.34B | $39.56B | $37.90B | $36.43B | $37.28B |
| Avg Forecast | $53.72B | $52.56B | $51.71B | $50.48B | $49.67B | $48.78B | $48.64B | $47.58B | $46.67B | $45.98B | $45.98B | $45.89B | $45.82B | $45.82B | $47.38B | $47.33B | $48.43B | $47.82B | $50.56B | $47.65B | $46.54B | $45.12B | $42.78B | $39.34B | $35.43B | $34.45B | $33.58B | $32.92B | $34.64B | $34.17B |
| High Forecast | $54.15B | $52.98B | $52.13B | $50.88B | $50.06B | $49.17B | $49.03B | $47.96B | $47.05B | $46.35B | $46.35B | $45.90B | $45.83B | $47.48B | $47.75B | $47.71B | $48.81B | $48.21B | $50.56B | $47.65B | $46.54B | $45.12B | $42.78B | $39.34B | $35.43B | $34.45B | $33.58B | $32.92B | $34.64B | $34.17B |
| Low Forecast | $53.40B | $52.25B | $51.41B | $50.18B | $49.37B | $48.49B | $48.36B | $47.30B | $46.40B | $45.71B | $45.71B | $45.88B | $45.81B | $44.00B | $47.10B | $47.05B | $48.14B | $47.54B | $50.56B | $47.65B | $46.54B | $45.12B | $42.78B | $39.34B | $35.43B | $34.45B | $33.58B | $32.92B | $34.64B | $34.17B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 0.86% | 0.85% | 0.88% | 0.81% | 1.03% | 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 $47.33B, with a high of $47.71B and a low of $47.05B. This is 12.55% upper than Wipro's previous annual EBITDA (Mar 23) of $42.05B.
Wipro Net Income Forecast
| 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 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 8 | 7 | 10 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $30.75B | $30.53B | $26.59B | $25.64B | $30.87B | $29.72B | $29.31B | $32.32B | $29.72B | $29.67B | $24.66B | $23.90B | $23.26B | $24.56B |
| Avg Forecast | $34.64B | $33.96B | $33.30B | $32.16B | $33.28B | $32.32B | $32.89B | $32.21B | $30.57B | $29.63B | $30.11B | $29.71B | $3.50T | $26.75B | $28.43B | $28.76B | $3.14T | $2.99T | $27.23B | $28.29B | $2.63T | $29.08B | $27.13B | $27.08B | $2.18T | $23.50B | $22.42B | $19.29B | $2.07T | $21.92B |
| High Forecast | $35.00B | $34.31B | $33.64B | $32.50B | $33.63B | $32.66B | $33.23B | $32.54B | $30.89B | $29.94B | $30.43B | $29.72B | $4.20T | $27.03B | $28.72B | $29.06B | $3.77T | $3.59T | $27.23B | $28.29B | $3.16T | $29.08B | $27.13B | $27.08B | $2.61T | $23.50B | $22.42B | $19.29B | $2.48T | $21.92B |
| Low Forecast | $34.37B | $33.70B | $33.05B | $31.92B | $33.03B | $32.07B | $32.64B | $31.96B | $26.20B | $25.40B | $29.88B | $29.71B | $2.80T | $26.55B | $28.21B | $28.55B | $2.51T | $2.39T | $27.23B | $28.29B | $2.11T | $29.08B | $27.13B | $27.08B | $1.74T | $23.50B | $22.42B | $19.29B | $1.66T | $21.92B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.01% | 0.01% | 0.98% | 0.91% | 0.01% | 1.02% | 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 $28.76B, with a range of $28.55B to $29.06B. WIT's average Quarter net income forecast represents a -6.44% decrease compared to the company's last Quarter net income of $30.75B (Mar 23).
Wipro SG&A Forecast
| 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 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 8 | 7 | 10 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $32.58B | $32.77B | $30.12B | $28.83B | $26.61B | $26.02B | $25.14B | $23.55B | $12.57B | $19.14B | $17.78B | $19.80B | $14.44B | $18.53B |
| Avg Forecast | $33.72B | $33.00B | $32.47B | $31.69B | $31.18B | $30.62B | $30.54B | $29.87B | $29.30B | $28.87B | $28.87B | $28.81B | $28.77B | $28.77B | $29.74B | $29.71B | $30.40B | $30.02B | $29.14B | $27.47B | $26.83B | $26.01B | $24.66B | $22.68B | $20.42B | $19.86B | $19.36B | $18.98B | $19.97B | $19.69B |
| High Forecast | $33.99B | $33.26B | $32.73B | $31.94B | $31.43B | $30.87B | $30.78B | $30.11B | $29.54B | $29.10B | $29.10B | $28.82B | $28.77B | $29.81B | $29.98B | $29.95B | $30.65B | $30.26B | $29.14B | $27.47B | $26.83B | $26.01B | $24.66B | $22.68B | $20.42B | $19.86B | $19.36B | $18.98B | $19.97B | $19.69B |
| Low Forecast | $33.53B | $32.80B | $32.28B | $31.50B | $31.00B | $30.44B | $30.36B | $29.70B | $29.13B | $28.70B | $28.70B | $28.80B | $28.76B | $27.62B | $29.57B | $29.54B | $30.22B | $29.85B | $29.14B | $27.47B | $26.83B | $26.01B | $24.66B | $22.68B | $20.42B | $19.86B | $19.36B | $18.98B | $19.97B | $19.69B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.09% | 1.03% | 1.05% | 0.99% | 1.00% | 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 $29.71B, based on 1 Wall Street analysts, with a range of $29.54B to $29.95B. The forecast indicates a -8.79% fall compared to WIT last annual SG&A of $32.58B (Mar 23).
Wipro EPS Forecast
| 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 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 8 | 7 | 10 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.61 | $5.57 | $4.86 | $4.69 | $5.64 | $5.44 | $5.36 | $5.92 | $5.39 | $5.21 | $4.33 | $4.20 | $4.09 | $4.31 |
| Avg Forecast | $6.61 | $6.48 | $6.35 | $6.14 | $6.35 | $6.17 | $6.28 | $6.14 | $5.83 | $5.65 | $5.75 | $5.67 | $5.34 | $5.10 | $5.42 | $5.49 | $5.73 | $5.23 | $5.20 | $5.40 | $5.63 | $5.55 | $5.18 | $5.17 | $5.07 | $4.49 | $4.28 | $3.68 | $4.26 | $4.19 |
| High Forecast | $6.68 | $6.55 | $6.42 | $6.20 | $6.42 | $6.23 | $6.34 | $6.21 | $5.89 | $5.71 | $5.81 | $5.67 | $5.35 | $5.16 | $5.48 | $5.55 | $5.79 | $5.28 | $5.20 | $5.40 | $5.63 | $5.55 | $5.18 | $5.17 | $5.07 | $4.49 | $4.28 | $3.68 | $4.26 | $4.19 |
| Low Forecast | $6.56 | $6.43 | $6.31 | $6.09 | $6.30 | $6.12 | $6.23 | $6.10 | $5.00 | $4.85 | $5.70 | $5.67 | $5.34 | $5.07 | $5.38 | $5.45 | $5.69 | $5.19 | $5.20 | $5.40 | $5.63 | $5.55 | $5.18 | $5.17 | $5.07 | $4.49 | $4.28 | $3.68 | $4.26 | $4.19 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.06% | 0.93% | 0.87% | 1.00% | 0.98% | 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 $5.49, with a low estimate of $5.45 and a high estimate of $5.55. This represents a -2.17% 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 | $4.48 | $35.67 | 696.21% | Hold |
| TWKS | Thoughtworks | $4.47 | $13.63 | 204.92% | Hold |
| TASK | TaskUs | $14.30 | $28.00 | 95.80% | Hold |
| WNS | WNS | $50.86 | $72.86 | 43.26% | Buy |
| CDW | CDW | $175.99 | $232.80 | 32.28% | Buy |
| FISV | Fiserv | $114.23 | $133.11 | 16.53% | Buy |
| ASGN | ASGN | $85.08 | $99.00 | 16.36% | Hold |
| CACI | CACI | $454.90 | $492.78 | 8.33% | Buy |
| WIT | Wipro | $6.88 | $7.35 | 6.83% | Hold |
| ACN | Accenture | $357.07 | $375.81 | 5.25% | Buy |
| CTSH | Cognizant Technology Solutions | $77.57 | $75.88 | -2.18% | Hold |
| G | Genpact | $44.64 | $42.80 | -4.12% | Hold |
| INFY | Infosys | $21.99 | $20.58 | -6.41% | Hold |
| IT | Gartner | $518.00 | $450.00 | -13.13% | Hold |
| BR | Broadridge Financial Solutions | $225.39 | $184.33 | -18.22% | Buy |
| EXLS | ExlService | $44.38 | $32.64 | -26.45% | Buy |