Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Wipro Ltd (NYSE: WIT) improved in recent days. WIT’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Wipro Ltd (NYSE: WIT) stock enjoyed a large increase of 3.1% on 9/13/24. The stock closed at $6.56. However, trading volume in this advance was unusually low at 50% of normal. The stock has performed in line with the market over the last nine months and has risen 4.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, WIT is expected to continue to be an important Value Builder.
Wipro has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Wipro has a slightly negative Appreciation Score of 34 and a neutral Power Rating of 56, with the Low Neutral Value Trend Rating the result.
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