Coforge Poised For 54% Upside Projects Motilal Oswal, Stock Remains Top Pick In Mid-Tier IT Players

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Motilal Oswal Report

Motilal Oswal has reaffirmed its 'Buy' rating on Coforge Ltd. with a target price of Rs 3,000, implying a 54% upside from the current market price of Rs 1,951.

The brokerage cites Coforge’s robust executable order book, strategic focus on AI-led transformation, and expansion into underpenetrated geographies as key catalysts for growth.

At its recent Investor Day, Coforge outlined four strategic pillars:

AI-driven engineering and data services, proactive large-deal structuring, deepening relationships with Fortune 2000 clients, and acquisitions aimed at client access rather than capabilities.

The company targets 20 large deals in FY26, with 10 already secured, reinforcing confidence in its growth trajectory.

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