Should You Buy Wipro Ltd (WIT) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Hold
Latest Price
2.530
1 Day change
-0.78%
52 Week Range
3.740
Analysis Updated At
2026/01/26
Wipro Ltd (WIT) is not a strong buy at the moment for a beginner investor with a long-term strategy. The company's financial performance shows declining net income and EPS, weak growth visibility, and a recent downgrade by analysts. Additionally, there are no significant positive catalysts or proprietary trading signals to suggest immediate upside potential. Holding the position or exploring other opportunities may be more prudent.
Technical Analysis
The MACD is negatively expanding, indicating bearish momentum. RSI is neutral at 23.912, and moving averages are converging, showing no clear trend. The pre-market price of $2.61 is near the S1 support level of $2.609, suggesting limited downside in the short term but no strong upward momentum.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Technical Summary
Sell
10
Buy
4
Positive Catalysts
NULL identified. The stock has a 60% chance of minor gains (1.45%) in the next day or week, but these are not significant for long-term investors.
Neutral/Negative Catalysts
Morgan Stanley downgraded Wipro to Underweight, citing weaker growth visibility and slower deal conversion. Financial performance shows declining net income (-11.83% YoY) and EPS (-25% YoY). Gross margin also declined (-8.04% YoY).
Financial Performance
In Q3 2026, revenue increased marginally by 0.06% YoY to $2.64 billion, but net income dropped by 11.83% YoY to $350.18 million. EPS fell by 25% YoY, and gross margin declined to 27.89%. The company's guidance for Q4 indicates minimal growth (0%-2%).
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Morgan Stanley downgraded Wipro to Underweight from Equal Weight with a reduced price target of INR 242 (from INR 270), citing weaker growth visibility and slower deal conversion into revenue.
Wall Street analysts forecast WIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WIT is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Analyst Rating
0
Wall Street analysts forecast WIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WIT is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Buy
Hold
Sell
0
Current: 2.550
Low
0
Averages
0
High
0
0
Current: 2.550
Low
0
Averages
0
High
0
Morgan Stanley
Equal Weight -> Underweight
downgrade
AI Analysis
2026-01-19
Reason
Morgan Stanley
Price Target
AI Analysis
2026-01-19
downgrade
Equal Weight -> Underweight
Reason
Morgan Stanley downgraded Wipro to Underweight from Equal Weight with a price target of INR 242, down from INR 270. The company's Q4 outlook suggests slower conversion of deals into revenue and weaker growth visibility into fiscal 2027 relative to peers, the analyst tells investors in a research note. Morgan Stanley sees this widening Wipro's valuation discount to peers.
Morgan Stanley
Morgan Stanley
Underweight -> Equal Weight
upgrade
2025-06-19
Reason
Morgan Stanley
Morgan Stanley
Price Target
2025-06-19
upgrade
Underweight -> Equal Weight
Reason
Morgan Stanley upgraded Wipro to Equal Weight from Underweight with a price target of INR 265, up from INR 216 as part of a broader research note on India Technology names. The firm notes slight improvement in revenue growth forecasts for the industry, even though its thesis of two years of muted revenue CAGR remains intact, stating that any rally should be used as an opportunity to trim positions. Morgan Stanley adds that its upgrade reflects the stock's significant underperformance in the last rally since the lows of April, its improving momentum in large deal wins, and its ability to keep margins within a tight band despite weak revenues.
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