Prabhudas Lilladher raises target for Wipro stock to INR 166.00

Published on 10/26/2026 at 15:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wipro reported a 16.50 percent margin for its September quarter. Wipro stock costs EUR 1.89 on October 26, 2026.

Analyst target and reporting facts

Prabhudas Lilladher raised its Wipro target from INR 154.00 to INR 166.00 on October 16, 2026.
Wipro reported a 16.50 percent operating margin for the quarter ended September 30, 2026.
Wipro stock stood at EUR 1.89 at Lang & Schwarz on October 26, 2026 at 3:11 p.m. CEST.
Wipro had a USD 20.8 billion market capitalization and a USD 1.59 to USD 3.09 52-week range as of October 26, 2026.

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Prabhudas Lilladher raised its target for Wipro stock from INR 154.00 to INR 166.00 while maintaining a Hold rating in research dated October 16, 2026, Moneycontrol reported. Wipro stock was priced at EUR 1.89 at Lang & Schwarz on October 26, 2026 at 3:11 p.m. CEST.

Margin improves as bookings weaken

Wipro reported a 16.50 percent IT services operating margin for the quarter ended September 30, 2026, up 0.50 percentage points from the preceding quarter. The company also reported IT services revenue of USD 2.61 billion, up 0.30 percent year over year, while large-deal bookings fell 58.60 percent sequentially to USD 674.00 million, according to FT.com on October 15, 2026.

What does the target change mean?

The higher INR 166.00 target contrasts with Wipro's cautious near-term outlook. For the quarter ending December 31, 2026, management guided IT services revenue to a range of USD 2.571 billion to USD 2.625 billion, implying constant-currency sequential growth between minus 1.50 percent and plus 0.50 percent, Wipro stated in its investor materials. Net income for the September quarter was INR 32.0 billion, down 1.90 percent year over year.

Price position and valuation

On its primary exchange, NYSE-listed Wipro was last priced at USD 2.10 on October 26, 2026 at 10:27 a.m. ET. The company had a market capitalization of USD 20.8 billion, a 52-week low of USD 1.59 and a 52-week high of USD 3.09 at the same market-data timestamp. Its business spans information technology services, consulting and business process services.

Wipro's latest reported quarter combined stronger margins with weaker large-deal bookings. That combination leaves the analyst target increase dependent on whether the December-quarter revenue range can support renewed growth.

Wipro price and investor view

Wipro was trading at EUR 1.89 at Lang & Schwarz on October 26, 2026 at 3:11 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Wipro stock.