Jefferies further lowers its target price for Tata Consultancy Services (TCS) to Rs 1,800, representing a cut of about 23% versus the company’s Wednesday closing price. The brokerage also keeps its underperform rating on the stock.
The latest move is described by NDTV as Jefferies’ third target-price cut in 2026, indicating a continued downward reassessment within the year. While the specific drivers for the change are not detailed in the provided excerpts, the repeated revision signals that Jefferies is adjusting its expectations for TCS relative to the market. Other outlets referenced here do not add additional perspectives beyond the same announcement.
Overall, both mentions align on the rating, the new target price, the size of the reduction from the latest close, and that this is the third cut in 2026.
