ICICI Direct has given Buy recommendation for Coforge recommended buy rating on the stock with a target price of Rs 4570 in its research rep with a target price of Rs. 4570 in its research report issued on Oct 21, 2022

ICICI Direct’s research report on Coforge

Coforge offers system integration, apps & BPO services to BFSI, travel & healthcare verticals. Revenues grew at 18.1% CAGR in the past five years • Healthy OCF, EBITDA (~75%) and robust return ratios (RoCE > 20%).


We maintain our BUY rating on the stock. We value Coforge at Rs 4570 i.e. 24x P/E on FY25E EPS.

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