Coforge Share Price: These AI stocks can jump by almost 80 percent, know which giant played a bet of crores?

Coforge Share Price: Global brokerage firm CLSA has maintained its bullish outlook on IT company Coforge. The brokerage believes that the company’s shares can rise by 77-80% from the current level. CLSA has maintained its “High-Conviction Outperform” rating on the stock and set a new target price of Rs 2,426.

Coforge Share Price: The brokerage says that the company’s strong execution capabilities and strategic shift towards Artificial Intelligence (AI)-based solutions will help it grow further.

$1.56 billion contract with Sabers

The main focus of CLSA’s report is a massive $1.56 billion contract signed with Sabre, a global travel tech company, in March 2025. However, Saber is currently facing financial pressure. The company has a lot of debt, more than 90% of which will mature in 2029. Apart from this, the cash flow of the company is under pressure.

Despite this, CLSA says Saber’s guidance for 2026 is in line with Wall Street expectations. The company is forecasting medium single-digit revenue growth and negative free cash flow.

Steps taken to reduce risk- Coforge Share Price

The brokerage says that Coforge has taken several steps to reduce the potential risk. The company has taken a credit insurance policy to avoid sudden problems. Apart from this, the company has acquired AI-focused firm Encora. With this, its revenue dependence on Saber is expected to reduce from 6% to 4.9%. Following this acquisition, Coforge’s revenue run-rate could reach approximately $2.7 billion.

Moving towards client-to-client partnerships

According to CLSA, Coforge is moving beyond the traditional client-vendor model and creating a mutually beneficial partnership with Sabre. This can open new opportunities for cross-selling. The report states that a new deal worth approximately $20 million with an existing client of Saber is currently in the process.

AI can bring big benefits – Coforge Share Price

Coforge Share Price: The brokerage believes that Coforge can take advantage of the wave of Artificial Intelligence in the future. Saber has also emphasized on AI integration in its platform. This is likely to provide more work and volume for technology partners like Coforge. Overall, CLSA believes that the risks associated with SABER are currently manageable. Coforge’s strategy can strengthen it in the long run.