Coforge shares can rally up to 77%, analyst says after Sabre's earnings call

Shares of Coforge Ltd. gained on Thursday, February 19, as brokerage firm CLSA was positive on the stock post Sabre's earnings call.

CLSA has a 'high-conviction outperform' rating on Coforge with a price target of ₹2,426 per share, indicating a 77% potential upside from its previous close.

It said Sabre's guidance for 2026 seems to be in-line with Street estimates.

Sabre, a leading global travel technology firm, has guided for mid-single digit revenue growth in the financial year 2026. Sabre also highlighted significant AI infusion in its product platform during its earnings call.

Coforge works closely with the leadership team of Sabre. It has inked a large $1.56 billion deal over a 13-year period with Sabre in 2025.

The deal is to strengthen the long-standing partnership between the two compies and accelerate Sabre's product roadmap.

Under the 13-year contract, Coforge is playing a key role in enhancing product delivery and developing AI-enabled solutions, reinforcing Sabre's commitment to innovation, scale and speed. The collaboration's aim is to drive advancement in travel technology, leveraging AI to opitmise solutions for the industry.

Of the 38 analysts who have coverage on the stock, 29 have a 'buy' rating, three have a 'hold' rating and six have a 'sell' rating.

Coforge shares gained 3.3% to hit an intraday high of ₹1,418 apiece on Thursday. The stock was up 1.4% at ₹1,392.2 apiece around 10.30 am. It has declined 19.5% in the past month.

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