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HomeNewsCoforge share price rises 4% over JP Morgan's ‘overweight’ call, 24% upside...

Coforge share price rises 4% over JP Morgan’s ‘overweight’ call, 24% upside seen

Apr 04, 2024 10:45 AM IST

Coforge share price: JP Morgan assigned a price target of ₹7,000, an upside of 24 per cent from the last close of ₹5,662.

Coforge share price today: Shares of Coforge Limited were up over 4 percent today (April 4). This comes after global brokerage firm JP Morgan initiated coverage of the stock with an “overweight” call as it cited consistent execution in sales and operating leverage. The brokerage assigned a price target of 7,000, an upside of 24 per cent from the last close of 5,662. In the past one year, the stock has surged 47 per cent and JP Morgan expects the firm to grow revenue at 13 per cent over FY24-26.

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