Wipro Limited (WIT) is considered one of the most undervalued cloud stocks under $10 by hedge funds due to its share price, strong hedge fund interest, and low price-to-earnings ratio. Analysts are positive on WIT following strong Q1 earnings, with firms like Morgan Stanley and Jefferies issuing bullish ratings. Despite a 1.6% QoQ decrease, Wipro reported revenue of $2.58 billion in Q1 ended June 30, 2025, with significant contributions from the IT services segment. The company improved its operating margins by 0.8% on a YoY basis, with net income rising to $388.4 million and operating cash flows at 123.2% of net income. Wipro expects Q2 revenue between $2.56 and $2.61 billion, adopting a cautious outlook due to macroeconomic uncertainties. Wipro offers 24/7 cloud-managed services to help businesses optimize hybrid and public cloud environments for efficient operations. While Wipro shows investment potential, some AI stocks may offer greater upside potential and carry less downside risk.

Read more at Yahoo Finance: Analysts Positive on Wipro Limited (WIT) Following Strong Q1 Earnings