HCL Tech Share Price Target 2026: Brokerages have turned bearish on HCL Tech shares after the Q4FY26 results, wherein the company lowered its growth guidance.
HCL Tech Share Price Target 2026 By ICICI Securities
ICICI Securities has maintained a HOLD rating on HCL Tech shares and cut the target price to Rs 1,370 from Rs 1,390.
ICICI Securities said that HCLTech’s weak revenue guidance of 2.5 per cent YoY CC (at the midpoint) vs 3.9 per cent YoY CC growth for FY26 is driven by discretionary spend cuts in two telecom clients, budget cuts in one manufacturing and one retail client, AI-led deflation, weak exit run-rate, and challenging macro.
HCL Tech Share Price Target 2026 By Axis Securities
Axis Securities has revised its rating on HCL Tech to HOLD from BUY and also cut the target price to Rs 1,550 from Rs 1,660.
HCL Tech Share Price Target 2026 By JM Financial
JM Financial has downgraded HCL Tech to Reduce from Add and cut the target price to Rs 1,350 from Rs 1,440.
The brokerage said that HCL Tech's revenues and margins came in on Q4FY26 lower than expectations. The IT major's services revenue also declined.
HCL Tech Share Price Target 2026 By Nomura
Nomura said that HCL Tech reported an all-around miss in Q4FY26. The IT company also delivered disappointing FY27 guidance. The brokerage recommended a BUY rating on HCL Tech shares, but cut the target price to Rs 1,600 from Rs 1,700.
HCL Tech Q4FY26 Results: Highlights
Consolidated net profit: Rs 4,488 crore, up 4.2 per cent YoY
Revenue from operations: Rs 33,981 crore, up 12.34 per cent YoY
FY27 growth guidance: 1 to 4 per cent in constant currency (CC)
Advanced AI revenue reached in Q4: USD 155 million
Net profit for FY2026: Rs 16,642 crore
Revenue for FY26: 11.18 per cent
