Wipro - WIT Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There are currently 6 sell ratings, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WIT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WIT, but not buy additional shares or sell existing shares.
View WIT analyst ratings or view top-rated stocks.

10 Wall Street research analysts have issued 12 month price objectives for Wipro's stock. Their WIT share price forecasts range from $4.70 to $4.87. On average, they anticipate the company's stock price to reach $4.79 in the next year. This suggests that the stock has a possible downside of 3.3%.
View analysts price targets for WIT or view top-rated stocks among Wall Street analysts.

Wipro's stock was trading at $4.66 on January 1st, 2023. Since then, WIT stock has increased by 6.2% and is now trading at $4.95.
View the best growth stocks for 2023 here.

Wipro saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 13,010,000 shares, a drop of 28.8% from the December 15th total of 18,260,000 shares. Based on an average trading volume of 2,710,000 shares, the days-to-cover ratio is presently 4.8 days. Currently, 0.2% of the shares of the company are short sold.
View Wipro's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our WIT earnings forecast.

Wipro Limited (NYSE:WIT) posted its quarterly earnings data on Friday, January, 13th. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The information technology services provider earned $2.81 billion during the quarter, compared to the consensus estimate of $2.85 billion. Wipro had a net margin of 12.94% and a trailing twelve-month return on equity of 16.19%.

Wipro announced a dividend on Friday, March 25th. Shareholders of record on Wednesday, April 6th will be paid a dividend of $0.059 per share on Wednesday, April 6th. The ex-dividend date of this dividend is Tuesday, April 5th. This is an increase from the stock's previous dividend of $0.02.
Read our dividend analysis for WIT.

Wipro (NYSE:WIT) pays an annual dividend of $0.02 per share and currently has a dividend yield of 0.41%. The dividend payout ratio is 7.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIT will have a dividend payout ratio of 6.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIT.

Wipro's stock split on the morning of Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly minted shares were distributed to shareholders after the closing bell on Tuesday, April 25th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

60 employees have rated Wipro Chief Executive Officer Thierry Delaporte on Glassdoor.com. Thierry Delaporte has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Wipro investors own include Infosys (INFY), Cisco Systems (CSCO), Raytheon Technologies (RTX), Abbott Laboratories (ABT), Ford Motor (F), Walt Disney (DIS), Intel (INTC), Tata Motors (TTM), Alibaba Group (BABA) and General Electric (GE).

Wipro trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."

Wipro's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.04%), Sequoia Financial Advisors LLC (0.00%), Veriti Management LLC (0.00%), CAPROCK Group Inc. (0.00%), SkyOak Wealth LLC (0.00%) and Ritholtz Wealth Management (0.00%).

Shares of WIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of WIT stock can currently be purchased for approximately $4.95.

Wipro (NYSE:WIT) has a market capitalization of $27.10 billion and generates $10.43 billion in revenue each year. The information technology services provider earns $1.61 billion in net income (profit) each year or $0.26 on an earnings per share basis.

The company employs 240,000 workers across the globe.

Wipro's mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The official website for the company is www.wipro.com. The information technology services provider can be reached via phone at 918046827999, via email at investor.relations@wipro.com, or via fax at 91-80-2844-0054.