TCS Shares Soar on $1.5 Billion AI Growth; Analysts Set New Price Targets

• TCS shares gained after revealing its AI business metrics for the first time at its investor day.
• AI services generate $1.5 billion in annualised revenue, accounting for 5% of total revenue.
• AI revenue is growing significantly faster (38.2% YoY) than the company's overall business.
• TCS aims to be the world's largest AI-led tech services company, with a five-pillar strategy.
• Brokerages like CLSA, Morgan Stanley, and Nuvama maintain positive ratings and high price targets, citing strong AI vision.

Why It Matters: TCS's strong AI growth and strategic vision are boosting investor confidence and analyst ratings.