Wall Street Cautious on Wipro Limited (WIT) Since Q3 2026 Earnings

​Wipro Limited (NYSE:WIT) is one of the Best Value Penny Stocks to Buy Now. Wall Street has maintained a cautious stance on Wipro Limited (NYSE:WIT) since the company’s fiscal Q3 2026 earnings. The company missed revenue estimates during the quarter.

​Recently, on February 24, Akshat Agarwal from Jefferies maintained a Sell rating on Wipro Limited with a price target of INR180. Earlier on February 20, Geojit Research maintained a Hold rating on the stock with a price target of INR227.

​During the fiscal third quarter, Wipro Limited (NYSE:WIT posted $2.62 billion in revenue, reflecting 0.6% year-over-year growth, but fell short of the expectations by $7.73 million. The EPS of $0.04 stayed in line with the consensus. Management noted that the quarterly performance was broad-based, with three of its top four markets posting gains, along with four of its top five sectors also posting growth.

​During the quarter, Wipro’s Americas 1 delivered subsequent growth driven by strong performance in health care, consumer, and LATAM. However, Americas 2 witnessed a subsequent decline. On the bright side, Europe saw growth in the fiscal third quarter, led by a ramp-up from the company’s mega deal. Notably, the company closed $3.3 billion in total contract value and $871 million in large deal bookings.

​Looking ahead, management expects fiscal Q4 2026 revenue in the range of $2.64 billion to $2.69 billion, representing 0% to 2.0% subsequent growth in constant currency terms.

​Wipro Limited (NYSE:WIT) is a leading global information technology (IT), consulting, and business process services (BPS) company. It provides services such as cloud computing, artificial intelligence (AI), cybersecurity, data analytics, and digital transformation to clients across 65 countries.

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