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J.P. Morgan Reaffirms Their Hold Rating on Wipro (WIT)

Tipranks - Tipranks - Fri Mar 27, 7:28AM CDT

In a report released yesterday, Ankur Rudra from J.P. Morgan maintained a Hold rating on Wipro, with a price target of $2.20. The company’s shares closed yesterday at $2.09.

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Rudra covers the Technology sector, focusing on stocks such as Infosys, Wipro, and Indegene Limited. According to TipRanks, Rudra has an average return of -11.3% and a 21.62% success rate on recommended stocks.

In addition to J.P. Morgan, Wipro also received a Hold from TipRanks – DeepSeek’s DeepSeek Information Technology Services in a report issued on March 12. However, on the same day, TipRanks – PerPlexity reiterated a Buy rating on Wipro (NYSE: WIT).

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Based on Wipro’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $237.52 billion and a net profit of $31.45 billion. In comparison, last year the company earned a revenue of $226.07 billion and had a net profit of $33.97 billion

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