BofA Securities initiated coverage on Coforge with a Buy rating.
The brokerage established a price target of ₹1,725 for the stock.
Analysts identified Coforge as their preferred pick within the mid-cap IT services sector.
The firm cited effective execution across sales, domain expertise, and disciplined capital allocation for acquisitions.
BofA expects Coforge to outperform peers during a period of subdued industry growth.
The positive outlook highlights the company's strong positioning for increasing AI capability demands.