Wipro Limited (NYSE:WIT) has been downgraded by Morgan Stanley to Underweight and had its price target trimmed due to concerns about its growth trajectory. The firm lowered its organic revenue growth estimates for the company and emphasized the need for consecutive quarterly growth improvements. However, Wipro recently reported better-than-expected financial results for the third quarter of FY25, with an increase in IT services revenue and improved operating margins. Xometry (XMTR) saw a 43% climb in stock value after exceeding revenue expectations. Wipro Limited is an Indian IT, consulting, and business process services company founded in 1945.

Read more at Yahoo Finance: Morgan Stanley Lowers Wipro Limited (WIT) Target, Cites Sluggish Exit Rate