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Equities research analysts at BNP Paribas rated Wipro as “underperform” with a price target of $5.20, indicating a potential downside of 9.88% from the current price. Several other analysts have also rated the stock, with five giving it a sell rating and the average target price at $4.82.

Wipro is currently trading at $5.77. It has a fifty-day moving average of $5.11 and a two-hundred day moving average of $4.97. With a market capitalization of $30.09 billion and a P/E ratio of 23.08, Wipro is well-positioned in the IT sector.

In its last quarterly earnings report, Wipro missed the consensus estimate by $0.01, reporting $0.06 EPS for the quarter. The company had revenue of $2.71 billion, lower than analysts’ expectations of $2.77 billion. Analysts expect Wipro to post $0.25 in earnings per share for the current year.

Hedge funds and institutional investors have been adding to their stakes in Wipro, signaling confidence in the company. B. Metzler seel. Sohn & Co. AG, Drive Wealth Management LLC, and PNC Financial Services Group Inc. are just a few that have increased their holdings.

Wipro Limited offers IT, consulting, and business process services worldwide, operating through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). It provides a range of IT and IT-enabled services, including digital strategy advisory, technology and IT consulting, and custom application design.



Read more: Wipro (NYSE:WIT) Research Coverage Started at BNP Paribas