30 Sep 2025 | 3 Mins Read
CLSA Predicts 52% Upsurge in Midcap IT Stock Post Recent Lull
Flipitmoney
CLSA initiated coverage on Coforge Ltd with an "outperform" rating and ₹2,346 price target, implying 52% potential upside. Coforge is the fourth-best performing stock on the Nifty IT index, despite a 20% decline in 2025. CLSA predicts 15% revenue CAGR, 16% EBIT CAGR, and 22% EPS CAGR from 2026-2028.