Wipro Share Price Target 2026Morgan Stanley has maintained a price target of Rs 192 on Wipro, reflecting an Underweight stance on the stock. The target indicates a marginal downside of around 3 per cent from current levels.
Margin Outlook Remains Under Watch
The report states that Wipro has maintained its medium-term margin guidance of 17-17.5 per cent. However, it also cautions that upcoming wage hikes could temporarily push margins below this guided range in the near term.
Revenue Growth and Industry Trends
On revenue performance, Morgan Stanley expects Wipro to lag peers in quarter-on-quarter growth over the coming quarters.
From an industry perspective, the note highlights that recent revenue compression is driven more by intense competition rather than purely by AI-led productivity gains being passed on to clients.
It also notes that evolving deal structures are increasingly blurring the line between organic and inorganic growth, as strategic contracts now include upfront productivity commitments.
AI Adoption and Structural Shift
The report describes artificial intelligence adoption as non-linear, with business cannibalisation and the creation of new service lines happening simultaneously across client portfolios.
Longer horizons mixed: three-year nearly flat, five-year negative, but ten-year strong positive at 95.52 per cent.
Amid rising volatility in the Nifty IT space, Wipro continues to face pressure from competitive dynamics, margin concerns, and uneven growth expectations, as highlighted by Morgan Stanley’s Underweight rating and cautious outlook.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
