Jefferies Downgrades Six IT Stocks, Slashes Price Targets by Up to 33% Due to AI Concerns

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Jefferies Downgrades Six IT Stocks, Cuts Price Targets Up to 33% Amid AI Concerns

Jefferies Downgrades Six IT Stocks, Cuts Price Targets Up to 33% Amid AI Concerns

C

CNBC TV18•23-02-2026, 07:44

Jefferies Downgrades Six IT Stocks, Cuts Price Targets Up to 33% Amid AI Concerns

•Jefferies downgraded Infosys, HCLTech, Mphasis, LTIMindtree, TCS, and Hexaware Technologies.
•Price targets were cut by up to 33%, and EPS estimates reduced by 1% to 4%.
•AI is expected to shift IT services towards consulting, increasing cyclicality and risk.
•Despite recent falls, these stocks still show higher downside potential.
•Coforge, Sagility, and IKS Health are highlighted as top picks by Jefferies.

Read Full Article on Cnbc in English

✦

More like this

✦

More like this

IT Stocks: जेफरीज ने इंफोसिस की रेटिंग को पहले के ‘बाय’ से घटाकर ‘होल्ड’ कर दिया है

IT Stocks Face Crisis: Jefferies Slashes Target Prices of 6 Major Companies by Up to 33%

Jefferies Downgrades 6 IT Giants: Infosys, TCS Among Those Facing Price Cuts

Jefferies Downgrades 6 IT Giants: Infosys, TCS Among Those Facing Price Cuts

Representational image (Image: News18)

IT Sector Plunge Drags Indian Stocks Down Amid AI Disruption Fears

IT Stocks

IT Stocks Plunge: Top Firms Lose Rs 3 Lakh Crore Amid AI Fears, Rate Hike Worries

IT stocks: वेंचुरा सिक्योरिटीज के रिसर्च हेड विनीत बोलिंजकर का कहना है कि IT स्टॉक्स में आज की गिरावट "बिना सोचे-समझे रिएक्शन और IT के लिए असली खतरे की चिंताओं का मिलाजुला असर है

IT Stocks Plunge: US Jobs Data, AI Concerns Trigger Up to 5% Drop in Infosys, TCS

Investor caution over AI disruption hits India’s IT giants, dragging Nifty IT to fresh losses. Representational image/Pixabay

AI Anxiety Hits IT Giants: TCS, Infosys, Wipro Crash as Nifty IT Dips 4%