Coforge Shares Soar: CLSA Predicts 77% Surge, Cites AI & Sabre Deal

• CLSA maintains 'high-conviction Outperform' rating on Coforge, setting a target price of Rs 2,426.
• Brokerage expects Coforge shares to surge up to 77% from current levels due to strong execution and AI focus.
• Key driver is the $1.56 billion contract with Sabre, despite Sabre's financial pressures and debt.
• Coforge mitigates risks with credit insurance and reduces Sabre revenue dependency through Encora acquisition.
• Company shifts to a collaborative partnership with Sabre, exploring cross-selling and AI integration for future growth.