TCS share price target 2022, 2023, 2024, 2025, and 2030: In this article, you will learn about TCS share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.
For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear for you, in this article we have mentioned TCS share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals of the company.
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TCS: Company Overview
Tata Consultancy Services is popularly known as TCS. TCS is the leading global IT services and business solutions provider. The company was founded by Faquir Chand Kohli, Tata Sons, and J.R.D. Tata.
In Europe, TCS ranked no.1 in customer satisfaction for the 8th year in a row. Across 13 European countries, TCS has a combined annual value of contracts over 40 billion Euros, with 4050 plus IT contracts.
TCS has a customer satisfaction of 82%. whereas, the industry average is 72%. TCS is the no.1 company in 12 European countries.
Tata consultancy services is no.1 in service delivery quality, no.1 in cloud capability, no.2 in account management, no.2 in proactivity, no.2 in innovation, and no.3 in business understanding.
Ranked #2 by revenue in the UK market for software and IT services. Up from #5 in 2019. Further, based on revenues earned, TCS was ranked #1 in Application and #2 in Consulting and Solutions.
TCS also ranked among the Top 100 US brands, across all industries, by Brand Finance for the sixth year in a row. TCS was ranked #59, up two places from the last year. and TCS brand value grew by $1.4 billion in the financial year 2021.
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TCS Revenue Breakup By Industry
TCS Revenue By Geography
TCS Share Price Target 2022
TCS has seen a strong business momentum that was driven by the confluence of two big trends. First, with consumers preferring contactless, digital transactions, enterprises were forced to rely more on their digital channels, and in some cases, switch entirely to online-only modes, triggering a lot of investment in not just front-end transformations and personalization of the customer experience, but also at the back end, to simplify and digitize processes, reduce turnaround times for customer service requests and enhance the end-to-end customer journey.
Second, the pandemic drove home the downsides of carrying technology debt and the need for greater resilience and agility within enterprises. This resulted in several core transformation engagements around building a lean, secure, and adaptive digital core, encompassing operations, digital workplaces, applications, data, the underlying infrastructure, and cybersecurity.
In terms of technology choices, both these drivers converged on the hyperscaler cloud stacks, also known as public clouds. FY 2021 will be remembered as the year when many enterprises took the leap and committed to channeling their future technology investments into one or more of these cloud stacks, significantly accelerating what had been a measured movement over the last few years. By considering all the opportunities that IT companies have in the coming years, TCS share price target for 2022 is Rs 4,100.
|TCS Share Price Target for 2022|
TCS Share Price Target 2023
This Trend triggered many engagements around cloud migration, application modernization, and data modernization. As a precursor to the core transformation and cloud migration, many customers are revisiting their current operations to look for opportunities for optimization and to free up resources to support their core transformation.
Some customers embarked on significant operating model transformations as they sought out strategic partners with strong capabilities and shared values. There was also increased activity around traditional outsourcing. These trends resulted in a steady and strong flow of deals of all sizes, across all its industry verticals, throughout the year.
TCS had two large deal wins, with Deutsche Bank and with Prudential Financial Inc respectively, that saw TCS strengthen its German presence and establish a strong local presence in Ireland. The order book signed every quarter was higher than that in the prior year. TCS closed the year with an all-time high quarterly TCV of $9.2 billion. The full-year order book was $31.6 billion, TCS’s highest ever, representing a growth of 17.1% over the prior year. TCS share price target for 2023 is Rs 4,650.
|TCS share price target for 2023|
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TCS Share Price Target 2024
The Reserve Bank of India (RBI) has been the driving force in creating the nation’s payment systems, operating with the strong belief that innovative, secure, and efficient payment mechanisms are central to economic growth. TCS has been RBI’s digital transformation partner for the last two decades, building the systems needed to help the central bank realize this belief.
The two important online payment systems run by the Reserve Bank of India, namely, National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS), have both been enabled by robust and scalable technology platforms built and maintained by TCS.
The underlying messaging infrastructure that enables the smooth interchange of data is the Structured Financial Messaging System, a TCS innovation that connects over 70,000 branches of over 200 banks and clearing houses in India. Today, these two platforms process over 260 million payment transactions, worth $1.5 trillion, every month.
In the latest development, TCS teams enhanced both platforms and their related ecosystems to enable the successful introduction of NEFT 24×365 in 2019, and then RTGS 24×365 in 2020, making India one of the few countries in the world to operate a real-time, large-value payment system round the clock.
This has led to faster settlements, improved liquidity, reduced cost for retail payment systems, and enhanced ease of doing business, fulfilling the purpose of giving further impetus to Digital India’s progress. RBI is making big steps in digitization in the financial system and also trying to make use of blockchain technology to introduce a digital currency, TCS is the one that benefits from this digitization as TCS is the RBI’s digital transformation partner, TCS share price target for 2024 is Rs 5,200.
|TCS share price target for 2024|
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TCS Share Price Target 2025
Demand for services around remote connectivity, cybersecurity, collaboration tools, digitized processes, automation, and cloud adoption, progressively strengthened in the course of the year.
Very importantly, as consumers shifted to digital channels for most of their needs, enterprises realized the need to invest in enhancing customer experience. This significantly accelerated investment in digital transformation and cloud adoption. The global market for IT services continues to be a highly fragmented one, with even the largest provider having a mid-single-digit market share.
TCS is among the largest IT services providers globally, with a market share of 1.6%, and has significantly outperformed the market, growing at twice the rate of market growth over the last decade. This may be attributed to market share gains resulting from TCS’ customer-centric strategy and organization structure, focused investments in building superior capabilities, better execution resulting in greater customer satisfaction, and steadily expanding participation in customers’ growth and transformation spending. By considering all these factors, TCS share price target for 2025 is Rs 6,400.
|TCS share price target for 2025|
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TCS Share Price Target 2030
TCS Innovation for future technologies: The company’s Chief Technology Officer oversees a three-horizon portfolio of investments spanning current innovation, mid-term, and long-term research.
Investment in labs across key business units to deliver innovative solutions to solve current customer problems several TCS IP-based products released new features.
- IgnioTM released features related to cognitive procurement, digital workspace and assurance. Enabling customers to leverage the power of AI in business and IT functions.
- TCS MasterCraftTM launched new features for application development, modernization and enterprise data transformation: strengthened its go-to-market strategy with cloud service providers.
Mid-term investments in cloud-based platforms for orchestration of network technologies, robot communications, logistics, and XR-based avatars.
- Research & innovation team creating digital twin platforms.
- TCS CogniXTm for finance was launched this year.
Futuristic investments in new areas such as DNA computing, AI for protein design, cognitive products, metamaterials, quantum computing, and sensing, and digital twins for biology.
TCS is pushing hard in innovations and building future-proof services and products and making a leap in IT services and products space. TCS share price target for 2030 is Rs 9,600.
|TCS share price target for 2025|
TCS Share Price Target For 2022, 2023, 2024, 2025, and 2030
|Year||Share Price Target|
|TCS share price target for 2022||Rs 4,100|
|TCS share price target for 2023||Rs 4,650|
|TCS share price target for 2024||Rs 5,200|
|TCS share price target for 2025||Rs 6,400|
|TCS share price target for 2030||Rs 9,600|
Frequently Asked Questions
What will be the share price of TCS in 2025?
TCS share price target for 2025 is Rs 6,400. Driven by the demand for services around remote connectivity, cybersecurity, collaboration tools, digitized processes, automation, and cloud adoption.
What is future of TCS share ?
TCS is among the largest IT services providers globally, with a market share of 1.6%, and has significantly outperformed the market, growing at twice the rate of market growth over the last decade. TCS will continue to perform well in the future as well.
Is TCS a good buy for long term?
Yes, TCS is a good buy for the long term. TCS is the biggest IT company in India and in the top 5 biggest IT companies in the world, with a market share of 1.6%, and has significantly outperformed the market, growing at twice the rate of market growth over the last decade.
Is TCS a good buy now?
Yes, you can buy TCS anytime if you want to hold for the long term. TCS is one of the best IT companies in India with strong fundamentals, financials, and brand value.