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Buy Coforge; target of Rs 4370: ICICI Direct

ICICI Direct is bullish on Coforge has recommended buy rating on the stock with a target price of Rs 4370 in its research report dated May 13, 2022.

May 14, 2022 / 01:55 PM IST
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ICICI Direct's research report on Coforge

Coforge offers system integration, apps & BPO services to BFSI, travel & healthcare verticals. Revenues grew at 18.1% CAGR in the past five years • Healthy OCF, EBITDA (~75%) and robust return ratios (RoCE > 20%).


We revise our rating on the stock from HOLD to BUY. We value Coforge at Rs 4370 i.e. 25x P/E on FY24E EPS.

For all recommendations report, click here


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first published: May 14, 2022 01:53 pm
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