WIPRO

Share Price Target 2025: Citi maintains SELL rating citing THESE 3 reasons

Citi Share Price Target 2025: Brokerage Citi has reviewed the performance of Wipro stock and gave its rating according to several factors. The company’s 1Q performance reflects strong bookings, though demand remains largely consolidation-driven, the brokerage noted. Citi maintained sell rating on Wipro citing weak discretionary spending momentum and competitive deal environment. Citi on Wipro The brokerage noted that the macro view indicates no significant change, with the anticipated increase in discretionary spend yet to materialise. In terms of deal dynamics, contracts are noted to be competitive-oriented, featuring volume-based discounts. Discretionary spend has paused following recent tariff announcements, with improvements observed only in isolated pockets, primarily driven by share gains.