# Coforge slips 3% even as Jefferies, Nomura, others raise targets after Q2 earnings. Why are they bullish?

- Source: Economic Times
- Published: 2026-10-26T04:27:33+00:00
- Category: Business
- Original: https://economictimes.indiatimes.com/markets/stocks/news/coforge-slips-3-even-as-jefferies-nomura-others-raise-targets-after-q2-earnings-why-are-they-bullish/articleshow/135202672.cms
- Canonical: https://groundlevelnews.com/story/coforge-slips-3-even-as-jefferies-nomura-others-raise-targets-after-q2-4ccabd/

Coforge shares fell despite strong Q2 results and brokerages raising target prices. Net profit surged 56.5% year-on-year to Rs 588.1 crore, while revenue jumped 54% to Rs 6,170.8 crore. EBITDA rose 67% to Rs 1,269.7 crore, with margins expanding 168 basis points to 20.6%. The company raised its FY27 EBIT margin guidance to 16%, while its 12-month order book grew 45% to $2.38 billion.

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