Tata Consultancy Services Limited, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Gaurav Rateria from Morgan Stanley maintained a Buy rating on the stock and has a INR3,430.00 price target.
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Gaurav Rateria has given his Buy rating due to a combination of factors that highlight Tata Consultancy Services Limited’s strategic positioning in the evolving technology landscape. The potential partnership with OpenAI to lease significant data center capacity from TCS’s new data center arm is a promising development. This collaboration aims to enhance AI capabilities by co-developing advanced AI solutions for various sectors, leveraging cutting-edge GPT large language models.
Additionally, TCS’s recent strategic equity investment from TPG into its data center business underscores its commitment to expanding its infrastructure capabilities. The new entity is set to serve a diverse clientele, including hyperscalers and large enterprises, which could significantly boost TCS’s market position. These developments suggest a strong growth trajectory for TCS, making it an attractive investment opportunity.
According to TipRanks, Rateria is ranked #3362 out of 10052 analysts.