CLSA Maintains a Buy Rating on Wipro Limited (WIT)

Wipro Limited (NYSE:WIT) is one of the best penny stocks to buy according to hedge funds. CLSA analyst Sumeet Jain maintained a Buy on the stock with a price target of INR265, on October 3.

In other news, Wipro Limited (NYSE:WIT) announced on September 15 that it entered into an expanded partnership with CrowdStrike for the launch of Wipro CyberShield MDR, which is “an AI-powered unified managed security service (MSS) that simplifies and strengthens enterprise security operations”.

Management stated that CyberShield MDR employs a modern SOC to deliver industry-leading capabilities, providing AI-driven automation, enhanced visibility, and higher efficiency.

Wipro Limited (NYSE:WIT) is a global information technology, consulting, and outsourcing company involved in the development and integration of solutions.

The company’s operations are divided into the following segments: Information Technology Services, India State Run Enterprise Services, and Information Technology Products.

While we acknowledge the potential of WIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.