Coforge shares jump over 2% as firm eyes $5 billion revenue by FY30. Why Nomura, others see up to 50% upside?

▤ Summary

Coforge set a $5 billion revenue target for FY30 and tied that goal to roughly 19% CAGR through FY30. Management said organic growth should come from deeper key-account relationships, strategic growth bets, and partner-led opportunities. The company also positioned AI as a growth driver, with most of its pilots already moving into production and its Coforge One platform serving as a differentiator. Analysts stayed positive on the stock and pointed to upside from AI-led demand and the Encora acquisition integration.

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