Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Wipro Ltd (NYSE: WIT) improved recently. WIT’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Wipro Ltd (NYSE: WIT) stock closed at $3.67 on 12/13/24 after a modest gain of 0.8%. However, unusually low trading volume at 63% of normal accompanied the advance. The stock has declined -49.2% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Wipro has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Wipro has a slightly positive Appreciation Score of 63 and a good Power Rating of 79, producing the Positive Value Trend Rating.
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