Stock Price & Analysis

Hold Wipro Limited (WIT) stock as the partnership with Veuu shows potential, but technical indicators and analyst sentiment suggest caution.

WIT stock is predicted to reach $3.25 in the short term, driven by its partnership with Veuu to enhance healthcare payments and the launch of TelcoAI360, which could improve operational efficiency for telecom companies. By the end of 2025, the stock may rise to $3.40 as these initiatives gain traction.

The S1 support level for WIT Stock is $2.99 ,The R1 resistant level for WIT Stock is $3.16.

As of the end of day on 2025-04-01, the price of WIT Stock was $3.06.

The target price for WIT Stock according to analyst rating is 3.28, with the highest price target at 3.50 and the lowest at 2.77. Analysts have a Hold rating on WIT Stock overall.

The market cap of WIT is $32.0B.

Wipro Ltd (WIT) appears overvalued based on its current valuation metrics and financial performance. Its price-to-earnings (P/E) ratio of 24.11-25.04 is higher than industry averages, indicating elevated valuations. The EV/EBITDA ratio of 14.3-15.33 also suggests a premium compared to peers. Additionally, Wipro's price-to-sales (P/S) ratio of 3.19-3.5 and price-to-book (P/B) ratio of 3.47-3.71 further highlight its rich valuation. While the company has shown revenue and net income growth, its gross margin of 29.68%-30.33% and ROE of 15.49%-15.80% are decent but not exceptional. The low dividend yield of 0.19% also limits its appeal for income investors. Analysts have a cautious stance, with a "Hold" rating and minimal upside in price targets. Overall, Wipro's high valuation metrics and moderate financial performance suggest it may be overvalued.

Wipro Limited is a technology services and consulting company. The Company operates through two segments: Information Technology (IT) Services, and IT Products. IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design. The IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services. These products include computing, platforms and storage, networking solutions, and software products. Its services include Applications, Artificial Intelligence, Business Process, Cloud, Consulting, Data & Analytics, Digital Experiences, Engineering, and Sustainability.

Price Prediction for WIT Stock by 2030

Wipro Ltd (WIT) stock is expected to reach $8.50 by 2030. This prediction is driven by its strong position in the IT services sector, recent margin expansion, and growing demand for AI-driven solutions.

WIT has a total of 234000 employees.