Bernstein initiates 'outperform' rating on 4 IT stocks for up to 29% potential upside: Check details

Ahead of the sector's earnings season which is set to kickstart this week, Bernstein betted on  4 midcap IT stocks as it sees long headroom for these companies in the specialist engineering services segment.

Jul 09, 2024, 12:09 PM IST

Global brokerage Bernstein expanding its coverage on IT stocks initiated outperform rating on some of the IT midcaps. This is as the brokerage believes that specialist engineering services focused on software & auto have long headroom for growth. Further, these companies have partnered with global innovators like Microsoft and Tesla and have built robust management and sales capability.

Here are the stocks on which Bernstein initiated coverage

 

 

1/4

Bernstein on Persistent systems

Bernstein on Persistent systems

Initiate Outperform, Target:Rs 5920, Potential upside: 29%

2/4

Bernstein on KPIT Tech

Bernstein on KPIT Tech

Initiate Outperform,Target: Rs 2120, Potential upside: 26%

3/4

Bernstein on Coforge

Bernstein on Coforge

Initiate Outperform,Target 6080, Potential upside: 4%

4/4

Bernstein on Tata Elxsi

Bernstein on Tata Elxsi

Initiate Underperform, Target 6030, Potential downside: 14%

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