Bernstein analyst Rahul Malhotra maintained a Sell rating on Wipro (WIT – Research Report) today and set a price target of $4.86. The company’s shares closed yesterday at $6.32.
Malhotra covers the Technology sector, focusing on stocks such as Infosys, Microsoft, and Oracle. According to TipRanks, Malhotra has an average return of 1.4% and a 50.00% success rate on recommended stocks.
Currently, the analyst consensus on Wipro is a Moderate Sell with an average price target of $5.64.
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WIT market cap is currently $33.74B and has a P/E ratio of 24.89.
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Wipro (WIT) Company Description:
Founded in 1945, India-based Wipro Ltd. is a global information technology (IT), consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the following segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE).
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