Motilal Oswal maintained that LTIMindtree's steady order book, disciplined cost management, and upcoming opportunities in AI-driven services position the company well for sustained performance in the coming quarters.

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Motilal Oswal Report 

Motilal Oswal has reiterated its 'Buy' rating on LTIMindtree Ltd., citing sustained revenue momentum, healthy deal inflows and improving growth visibility for FY26.

The brokerage said LTIMindtree's ongoing deal ramp-ups, particularly those expected to carry forward into the fourth quarter, reinforce confidence in the company's ability to deliver 5.6% YoY constant currency revenue growth in FY26. A more balanced vertical mix and improving traction across business segments are expected to suport this trajectory.

Motilal Oswal also highlighted that AI-led services spending could emerge as an additional growth catalyst from mid-2026, as the digital and data transformation cycle strengthens across global enterprises.

Margins remain supported by Fit4Future execution and selling, general and administrative discipline, even as near-term wage headwinds persist. 

With medium-term earnings expected to grow at 13–15%, the brokerage has largely maintained its estimates and values LTIMindtree at 32x FY28E EPS, translating into a target price of Rs 7,900—an implied upside of roughly 23% from current levels. 

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