Street View: Growth roadmap for India's Coforge faces acquisition, execution test

Coforge

17/06/2026 05:14

** Shares of India's Coforge COFO.NS rise 2.03% to 1,494.5 rupees 
** IT services firm outlined plans to double revenue to $5 billion by FY30 at its investor day

ACQUISITIONS AND EXECUTION KEY
** Jefferies ("buy", TP: 1,860 rupees) says Coforge's AI-native delivery model and platform-led offerings position it to win larger, outcome-based deals and sustain profitable growth
** HSBC ("buy", TP: 1,710 rupees) says co may need another acquisition worth more than $500 million by FY28 to achieve its FY30 revenue target, flags integration risks from successive deals
** Emkay ("buy", TP: 1,550 rupees) says about $700 million of co's targeted FY30 revenue expected to come from future acquisitions, while growth momentum expected to pick up from Q2 FY27
** Nomura ("buy", TP: 2,100 rupees) says AI is expanding addressable market for outsourced IT services and could help co nearly double revenue by FY30 through account mining, ecosystem partnerships 

 (Reporting by Surbhi Misra in Bengaluru)
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