WIPRO
22.02.2022 - CLSA on Wipro Maintain Outperform CMP 564.15 Target (650)
13.01.2022 - CITI on Wipro Maintian Buy Cmp 691 Target 820(Previous TG 830)
13.01.2022 - JpMorgan on Wipro Maintain Neutral CMP 691 Target 680
13.01.2022 - UBS on Wipro Maintain Neutral CMP 691 Target 660
13.01.2022 - BOFA on WIPRO Maintain Underperform CMP 650.05 Target 700
13.01.2022 - MS on WIPRO Maintain Equal Weight CMP 650.05 Target 775
21.12.2021 - Morgan Stanley On Wipro - Maintain Equal Weight CMP 665 - Target Rs.700
UBS ON WIPRO : 16.07.2021
* Recent run in stock could cap near-term upsides for Wipro, UBS says, maintains NEUTRAL rating on the stock
* Should See Some Upgrade To Consensus Earnings
* Recent Run In Stock Could Cap Near-term Upsides
* Lower TCV Addition Could Cause Some Concern
* MAINTAIN NEUTRAL TARGET: 470
MS ON WIPRO : 16.07.2021
* Execution on revenue growth by Wipro has improved meaningfully, positive surprise drives higher EPS estimates, Morgan Stanley says
* Execution On Revenue Growth Has Improved Meaningfully
• Positive Surprise Drives Higher EPS Estimates
• Consistent Strong Execution Will Be Needed Before Multiples Match The Peer Group
* MAINTAIN UNDERWEIGHT TARGET: 560 (PREVTGT:520)
CLSA ON WIPRO : 16.07.2021
* CLSA has to say about Wipro after the co reported its Q1 earnings yesterday
* Constant Currency Revenue Growth Well Above Its Guidance & Our Estimate
• It Will Normalise As 5 7% QOQ Q2 Rev Growth Guidance Implies 1.8 3.8% Organic Growth
* MAINTAIN UNDERPERFORM TARGET: 560 (PREVTGT:540)
CITI ON WIPRO : 16.07.2021
* Citi raises target multiple for Wipro to 28 times from 26 for FY23 after the IT major's Q1 earnings yesterday
* Q1 Revenue & Guidance Surprised While Margin, Attrition Trend & TCV Were Weak
* Growth A Combination Of 4.9% QoQ Organic Growth & Significantly Better Nos. At Capco
* Our New Estimates For Revenue Growth Are 27%/11% for FY22/23; EPS Growth Of 15%/6%
* Raise Target Multiple To 28x From 26x For FY23
* MAINTAIN BUY TARGET: 655 (PREVTGT: 615)
CITI ON WIPRO : 16.07.2021
• Wipro's 1Q revenue & guidance surprised while margins
• Attrition trend & TCV were weaker
• Growth was a combination of 4.9% qoq organic growth
* Wipro is executing well under the new leadership
* Expect the rerating to continue despite supply challenges
• Raise our target multiple to 28x FY23E (earlier 26x)
* Maintain Neutral, Target at Rs 575/share
* Beat on revenue but adjusted for one-offs operating profit
• 2QFY22 guidance of 5-7% cc QoQ growth
* Change FY22E-24E EPS by 5-7%
Credit Suisse View Wipro : 01.07.2021
* Wipro To Outperform Peers On Revenue Growth Led By Acquisition
* Expect Sequential Revenue Growth Of 2.4-3.3%
* In Constant Currency Profitability Better For Other Companies
* Believe IT Services Sector Has Entered A Technology Upcycle
* Infosys, HCLT and TCS Are Our Preferred Picks In The Sector
