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Bloomberg Quint

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Citi Hikes Target Price For Infosys, TCS, Wipro And Other IT Companies — Check Upside

  • Citi has revised target prices for various IT companies following a positive outlook and sector re-rating.
  • The Nifty IT has shown strong performance recently, reflecting investor confidence and market positivity.
  • Major IT companies like Oracle, Persistent Systems, Tech Mahindra, Mphasis, and LTIMindtree have seen significant gains.
  • Specific target price revisions include Indegene Ltd., Mphasis Ltd., L&T Technology Services Ltd., LTIMindtree Ltd., Tech Mahindra Ltd., HCL Technologies Ltd., TCS Ltd., Wipro Ltd., Infosys Ltd., Persistent Systems Ltd., and Coforge Ltd.
  • Citi maintained 'sell', 'neutral', or 'buy' recommendations for the mentioned companies despite target price adjustments.
  • The recent sector re-rating led to the upward revision of target prices, reflecting improved operational parameters and market conditions.

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