NYSE:WIT - Wipro Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $6.23
  • Forecasted Upside: -20.54 %
  • Number of Analysts: 6
  • Breakdown:
  • 1 Sell Ratings
  • 3 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$7.84
▼ -0.21 (-2.61%)
1 month | 3 months | 12 months
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Analyst Price Target for WIT

Average Price Target: $6.23
▼ -20.54% Downside Potential
This price target is based on 6 analysts offering 12 month price targets for Wipro in the last 3 months. The average price target is $6.23, with a high forecast of $6.23 and a low forecast of $6.23. The average price target represents a -20.54% upside from the last price of $7.84.

Hold

The current consensus among 6 investment analysts is to hold stock in Wipro. This rating has held steady since June 2020, when it changed from a Sell consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 3 sell ratings
12/26/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 4 sell ratings
3/25/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 3 sell ratings
6/23/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 2 sell ratings
9/21/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
12/20/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
3/20/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 1 sell ratings
5/19/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 1 sell ratings
6/18/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/26/2021Sanford C. BernsteinUpgradeUnderperform ➝ Market Perform$6.23Low
4/16/2021CitigroupUpgradeNeutral ➝ BuyLow
4/16/2021NomuraUpgradeReduce ➝ NeutralMedium
4/16/2021Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellUpgradeNeutral ➝ BuyMedium
12/21/2020The Goldman Sachs GroupInitiated CoverageSellMedium
10/14/2020InvestecDowngradeBuy ➝ HoldLow
7/16/2020CitigroupUpgradeNeutral ➝ BuyLow
3/25/2020Jefferies Financial GroupUpgradeUnderperform ➝ HoldMedium
2/20/2020JPMorgan Chase & Co.Initiated CoverageUnderweightLow
11/27/2019The Goldman Sachs GroupDowngradeNeutral ➝ SellN/A
11/21/2019The Goldman Sachs GroupDowngradeNeutral ➝ SellHigh
10/15/2019Credit Suisse GroupUpgradeUnderperform ➝ NeutralHigh
10/3/2019The Goldman Sachs GroupUpgradeSell ➝ Neutral$3.47 ➝ $3.46High
7/17/2019WedbushReiterated RatingUnderperformMedium
4/18/2019Nomura SecuritiesDowngradeNeutral ➝ ReduceLow
4/16/2019MacquarieDowngradeOutperform ➝ NeutralLow
3/21/2019WedbushLower Price TargetUnderperform$4.25 ➝ $3.75Low
2/26/2019Credit Suisse GroupDowngradeNeutral ➝ Underperform$5.78Low
1/22/2019Credit Suisse GroupDowngradeOutperform ➝ NeutralLow
1/10/2019Deutsche Bank AktiengesellschaftInitiated CoverageHoldLow
9/13/2018Credit Suisse GroupUpgradeNeutral ➝ OutperformLow
9/10/2018MacquarieUpgradeNeutral ➝ OutperformLow
7/24/2018CLSADowngradeUnderperform ➝ SellHigh
7/5/2018CLSAUpgradeSell ➝ UnderperformLow
7/5/2018HSBCUpgradeReduce ➝ HoldLow
6/27/2018Jefferies Financial GroupReiterated RatingUnderperformMedium
6/26/2018Nomura SecuritiesUpgradeReduce ➝ NeutralHigh
6/20/2018Jefferies Financial GroupInitiated CoverageUnderperformLow
4/9/2018BNP ParibasUpgradeReduce ➝ HoldLow
1/22/2018Credit Suisse GroupDowngradeNeutral ➝ SellHigh
9/17/2017The Goldman Sachs GroupDowngradeNeutral ➝ SellLow
9/14/2017BNP ParibasDowngradeHold ➝ ReduceHigh
7/21/2017Bank of AmericaBoost Price TargetNeutral$250.00 ➝ $277.00Low
6/6/2017Jefferies Financial GroupDowngradeHold ➝ UnderperformMedium
10/24/2016Nomura SecuritiesDowngradeNeutral ➝ ReduceN/A
9/8/2016WedbushInitiated CoverageUnderperform$4.25N/A
(Data available from 6/18/2016 forward)
Wipro logo
Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. It operates in three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure, analytics, business process, research and development, and hardware and software design services to enterprises. It serves customers in various industry verticals, such as banking, financial services, and insurance; health business; consumer business; energy, natural resources, and utilities; manufacturing; technology; and communications. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and/or departments owned or controlled by the Government of India and/or various Indian State Governments. The company has research collaboration agreements with the University of Texas at Austin; Tel Aviv University, Israel; Swinburne University, Melbourne; IIT Kharagpur; IIT Madras; IISc Bangalore; and University of Agricultural Sciences, Bangalore; and strategic relationship with Amazon Web Services in the area of DevOps. Wipro Limited was founded in 1945 and is based in Bengaluru, India.
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Today's Range

Now: $7.84
Low: $7.83
High: $8.02

50 Day Range

MA: $7.51
Low: $6.10
High: $8.27

52 Week Range

Now: $7.84
Low: $3.16
High: $8.31

Volume

7,331,360 shs

Average Volume

1,947,715 shs

Market Capitalization

$44.63 billion

P/E Ratio

30.16

Dividend Yield

0.12%

Beta

0.6

Frequently Asked Questions

What sell-side analysts currently cover shares of Wipro?

The following Wall Street research analysts have issued research reports on Wipro in the last year: Citigroup Inc., Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, Investec, Nomura, Sanford C. Bernstein, The Goldman Sachs Group, Inc., TheStreet, and Zacks Investment Research.
View the latest analyst ratings for WIT.

What is the current price target for Wipro?

1 Wall Street analysts have set twelve-month price targets for Wipro in the last year. Their average twelve-month price target is $6.23, suggesting a possible downside of 20.5%. Sanford C. Bernstein has the highest price target set, predicting WIT will reach $6.23 in the next twelve months. Sanford C. Bernstein has the lowest price target set, forecasting a price of $6.23 for Wipro in the next year.
View the latest price targets for WIT.

What is the current consensus analyst rating for Wipro?

Wipro currently has 1 sell rating, 3 hold ratings and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in WIT, but not buy more shares or sell existing shares.
View the latest ratings for WIT.

What other companies compete with Wipro?

How do I contact Wipro's investor relations team?

Wipro's physical mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The information technology services provider's listed phone number is 918046827999 and its investor relations email address is [email protected] The official website for Wipro is www.wipro.com.