Sharekhan has reiterated a BUY rating for LTIMindtree, with a target price of Rs 7,500. The company aims to achieve $10 billion in revenue, supported by a strong foundation in key verticals, a solid client base, and strategic partnerships, particularly in AI.
LTIMindtree has secured over 45 large deals in the past 18 months, totaling $2 billion, primarily from its scaled verticals. The company's Project North Star aims to enhance margin expansion, targeting an EBIT margin of 17-18%. Currently, the stock is trading at multiples of 35.6x, 29.3x, and 24.5x its estimated EPS for FY25, FY26, and FY27, respectively.