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'Buy LTM' is the word from 60% of analysts tracking it after Q4 results on growth momentum hopesUnder its 'Lakshya 31' strategy, LTIMindtree aims to double revenue over the next five years, with a mix of organic and inorganic expansion.By Meghna Sen  April 24, 2026, 8:36:43 AM IST (Published)2 Min ReadShares of LTIMindtree Ltd. will be in focus on Friday, April 24, after the technology consulting and digital solutions firm reported a largely in-line performance for the March quarter.

The company posted constant currency (CC) revenue growth of 1.2%, slightly below estimates of 1.4%, while EBIT margin came in at 15.1%, marginally under expectations of 15.2%.

Margins declined 100 basis points sequentially, primarily due to partial wage hikes implemented from January 1, 2026, and productivity commitments in key accounts. This was partly offset by favourable forex movements.

Management remains optimistic about the medium-term outlook and is targeting industry-leading growth by FY27.

Under its 'Lakshya 31' strategy, the company aims to double revenue over the next five years, with a mix of organic and inorganic expansion.

Brokerage firm Nomura has retained its 'Buy' rating with a price target of ₹5,000, citing that the new CEO's strategy is beginning to gain traction.

The brokerage expects revenue growth to accelerate and margins to improve, with EBIT margin projected at 15.7% in FY27, up 30 bps YoY, as productivity-led headwinds ease.

CLSA has an 'Outperform' rating with a target of ₹5,755. It highlighted a steady order book of $1.7 billion for the quarter, flat sequentially and up 5% YoY.

For FY26, order inflows stood at $6.6 billion, marking a 10% YoY increase, supported by multiple large deals. The brokerage also noted recovery in the BFSI segment and strong growth in the Microsoft account.

However, the company refrained from issuing FY27 guidance, citing uncertainties related to AI-led pricing pressures, competitive intensity and client-specific dynamics.

HSBC has also maintained a 'Buy' rating with a price target of ₹5,250. It expects the company's growth momentum from FY26 to sustain into FY27, although at a moderated pace.

Even so, LTIMindtree's growth is seen at the higher end among large IT peers over the long term.

Of the 43 analysts that have coverage on LTM, 26 of them have a 'Buy' rating, 11 recommends 'Hold', while six others have a 'Sell' recommendation on the stock.

Shares of LTIMindtree ended 1.95% lower at ₹4,514.40 on Thursday. The stock has gained over 7% in the past one month.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.TagsLTIMindtreeshare market today