What does the future hold for the Hcl Technologies share price?

The Hcl Technologies (NSI:HCLTECH) share price has risen by 11.9% over the past month and it’s currently trading at 529.3. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Hcl Technologies currently has:

• 19 Buy recommendations
• 6 Hold recommendations
• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

At its current price of 529.3, shares in Hcl Technologies are trading at a discount of -16.9% to its 52 week high price. The 1-year performance of the shares has been -8.78%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Hcl Technologies it's worth doing some investigation yourself.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of HCL Technologies it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with HCL Technologies that you can find out about here.