Mastek Share Price Target Forecast 2022, 2023, 2025, 2030

22 OCTOBER 2021

ICICI Direct recommends Mastek with a share price target of Rs 3065.

Mastek was given a hold rating by ICICI Direct in its research report dated October 21, 2021, with a target price of Rs 3065.

Mastek Limited (Mastek) supplies public and private organisations in the UK, US, Middle East, Asia Pacific, and India with data, applications, and cloud services. Net debt-free with a robust double-digit return ratio of 14% to 21%. (with ROCE of 20 percent )

Outlook

Mastek is now rated as a hold (up from BUY) and is valued at Rs 3,065 (26x P/E) based on FY23E EPS.

Moneycontrol.com is the source for this information.


20 SEPTEMBER 2021

Sharekhan recommends Mastek with a price target of Rs 3840.

Mastek is a positive stock, with Sharekhan recommending a buy rating and a target price of Rs 3840 in a research report dated September 17, 2021.

While deal closures in the UK NHS may be postponed for a few months, total order bookings will remain robust due to the UK government’s high digital use. Mastek has been chosen for seven contracts under the NHS’s new digital capabilities framework. Mastek plans to quadruple its sales in the next three years, confirming our predictions of a 26 percent CAGR vs 22 percent.

By the second part of this decade, management hopes to have generated $1 billion in sales, compared to a present revenue run-rate of $281 million. Mastek anticipates a CAGR of 27% from FY2021 to FY2024E, owing to significant growth in the UK public sector, strong deal wins, logo addition, and expansion in US markets.

Outlook

With a Revised Target Price of Rs.3,840, we purchase at Mastek. Given the potential for robust profits growth, a healthy transaction pipeline, increasing deal size, and high demand.

Moneycontrol.com is the source for this information.


22 JULY 2021

Sharekhan recommends Mastek with a price target of Rs 2950.

Mastek is a bullish stock, with Sharekhan recommending a buy rating and a target price of Rs 2950 in its research report dated July 20, 2021.

On all fronts, Q1FY22 exceeded our expectations; in addition, the quarter saw a 54 percent growth in order backlog, a robust deal pipeline, aggressive personnel increases, new logo additions, and increased cash conversion.

Due to strong client mining and new logo additions, the UK public sector vertical will retain growth momentum, while the UK private sector vertical will regain growth thanks to cross-sell possibilities and new leadership. Mastek predicts a 24 percent profits CAGR from FY2021 to FY2024E, driven by robust growth in the UK public sector, solid contract wins, new logo additions, capabilities investments, and traction for digital and cloud technologies.

Outlook

With a Revised Target Price of Rs.2,950, we purchase on Mastek. Given the company’s excellent revenue growth potential, transaction pipeline, and demand.

Moneycontrol.com is the source for this information.


21 JULY 2021

Sharekhan recommends Mastek with a price target of Rs 2950.

Mastek is a bullish stock, with Sharekhan recommending a buy rating and a target price of Rs 2950 in its research report dated July 20, 2021.

On all fronts, Q1FY22 exceeded our expectations; in addition, the quarter saw a 54 percent growth in order backlog, a robust deal pipeline, aggressive personnel increases, new logo additions, and increased cash conversion.

Due to strong client mining and new logo additions, the UK public sector vertical will retain growth momentum, while the UK private sector vertical will regain growth thanks to cross-sell possibilities and new leadership. Mastek predicts a 24 percent profits CAGR from FY2021 to FY2024E, driven by robust growth in the UK public sector, solid contract wins, new logo additions, capabilities investments, and traction for digital and cloud technologies.

Outlook

With a Revised Target Price of Rs.2,950, we purchase on Mastek. Given the company’s excellent revenue growth potential, transaction pipeline, and demand.

Moneycontrol.com is the source for this information.


08 JUNE 2021

Sharekhan recommends Mastek with a price target of Rs 2404.

Mastek is a positive stock, with Sharekhan recommending a buy rating and a target price of Rs 2404 in its research report dated June 04, 2021.

Higher client mining, increased new logos, solid transaction pipelines, enhanced deal size, and potential for developing partnerships with additional departments will drive significant growth in the UK public sector until FY20E. This is going to happen. Despite investments in technical skills and a sales leadership team, management plans to maintain an EBITDA margin of 20-22 percent (21.2 percent in FY21).

During H2FY2022, Mastek anticipates significant growth of 24%, driven by strong growth momentum in the UK public sector, solid contract wins, traction for technology, and a robust rebound in UK private business.

Outlook

With a Revised Target Price of Rs.2,400, we shop on Mastek. Given the potential for robust profit growth, increased order size, and M&A opportunities.

Moneycontrol.com is the source for this information.


Disclaimer: The views and investment tips expressed by investment expert on Stockconsultantbihar.com are Sourced From Brokerage Firms Research Reports & Market Experts Opinion. We advises users to consult your investment advisor before taking any decisions. Our Website Contain Demat Account & Algo Trading affliate Link. If You’ll Register Through Our Link We May Get Profit.

Also Read:

We will be happy to hear your thoughts

Leave a reply

Stock Consultant Bihar
Logo