TCS share price target: Buy, Sell or Hold? What brokerages said

TCS share price target: Buy, Sell or Hold? What brokerages said Tezzbuzz | 12/04/2025 12:24:14

New Delhi: The country’s largest IT company Tata Consultancy Services (TCS) released its Q4 2024-25 results on April 10, 2025, Friday. Following the announcement of the financial results, leading brokerage houses have released their reports on TCS. Many brokerages have cut the target price, while some have expressed hope for better performance of TCS in the future.

Brokerage firm Kotak Securities has initiated a Buy rating on TCS shares and projected the stock to rise to the levels of Rs 3,800 per equity share. Earlier, it had given a target price of Rs Rs 3,900.

UBS has backed TCS share price to rise. The brokerage said the Q4 Results of 2024-25 are slightly weak, but the deal value of $12.2 billion provides confidence. The IT giant secured the largest ever deal bookings of $6.8 billion from North America. The firm predicted better results for TCS in FY26. It expected the TCS shares to rise to the level of Rs 4250 per equity share.

In its report Goldman Sachs stated that TCS’ revenue and margins mentioned in the January-March quarter results are slightly below estimates. It further said that the delay in decision making and cost cutting remain challenges for the country;s largest IT sector company. It gave a target price of Rs 3960.

Global brokerage house Jefferies has advised the stakeholders to hold the stock and provided a target price of Rs 3400. It said that Q4 results of TCS were weaker than expected on every parameter. The biggest negative is the decline in margins, it added.

In its March quarter results of 2024-25, Tata Consultancy Services registered a 1.68 per cent dip in its consolidated net profit to Rs 12,224 crore. The total revenue stood at Rs 64,479 crore in the last quarter of FY25, up 5.3 per cent over the year-ago period.

The company’s managing director and chief executive K Krithivasan expressed confidence in his company to perform better in FY26 as compared to FY25 on the revenue front.

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