KPIT Technologies Share Price: Goldman Sachs Keeps Neutral Rating, Cuts Target to Rs 637 on Weak Q1 Outlook
KPIT Technologies Rs 562.00, down 0.14% on 8 Jul 2026. Goldman Sachs neutral rating, target cut to Rs 637 from Rs 740. Q1 revenue seen down 5.2% QoQ. FY26-28 EPS cut up to 15%.
Updated: 8 Jul 2026 • 12:00 pm
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KPIT Technologies share price is in focus on Wednesday, 8 July 2026, after Goldman Sachs kept its neutral rating on the stock but cut its target price to Rs 637 from Rs 740, citing weaker client activity and a slower recovery in electric vehicle R&D spending. The stock was quoting at Rs 562, down Rs 0.80, or 0.14 percent.
Goldman Sachs expects Q1 revenue for the auto engineering and software company to decline 5.2 percent quarter on quarter on weaker client activity, and sees FY27 revenue growth staying flat amid headwinds through the first half of the fiscal year.
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KPIT Technologies Share Price Today: Goldman Sachs Note Details
| Metric | Value |
|---|---|
| Stock | KPIT Technologies |
| CMP (8 July 2026) | Rs 562.00 |
| Day Change | -0.14 percent |
| Goldman Sachs Rating | Neutral (maintained) |
| New Target Price | Rs 637 (cut from Rs 740) |
| Expected Q1 Revenue | Down 5.2 percent QoQ |
| FY27 Revenue Growth Outlook | Flat, amid H1 headwinds |
| FY26-28 EPS Estimate Cut | Up to 15 percent |
| Intraday High / Low | Rs 567.65 / Rs 553.65 |
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Why Goldman Sachs Cut the KPIT Technologies Share Price Target
Goldman Sachs cut its FY26-28 earnings per share estimates for KPIT Technologies by up to 15 percent, reflecting expectations of a slower recovery in spending on electric vehicle software and engineering programmes by global auto OEMs. The brokerage's revised target of Rs 637, down from Rs 740, implies more moderate upside from current KPIT Technologies share price levels.
The note flagged that the focus remains on the H2 FY27 outlook and on auto OEM R&D spending trends, along with progress on KPIT's Cymotive acquisition, as the key variables that could change the trajectory for the stock in the coming quarters.
What Should Investors Watch in the KPIT Technologies Share Price
Investors tracking the KPIT Technologies share price should watch Q1 FY27 results for confirmation of the expected revenue decline, along with management commentary on client budgets, deal wins, and the timeline for a recovery in EV R&D spending. A second half recovery, as Goldman Sachs suggests investors focus on, would be an important positive catalyst if it materialises.
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Conclusion
Goldman Sachs kept a neutral rating on KPIT Technologies but cut its target price to Rs 637 from Rs 740, citing weaker Q1 client activity and slower EV R&D recovery, while the stock traded largely flat at Rs 562 on 8 July 2026. Investors should track Q1 FY27 results and consult a SEBI registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions FAQs
What is Goldman Sachs' rating on KPIT Technologies?
Ans. Goldman Sachs has maintained a neutral rating on KPIT Technologies but cut its target price to Rs 637 from Rs 740, citing weaker client activity and slower EV R&D spending recovery.
What is the KPIT Technologies share price today?
Ans. KPIT Technologies share price was trading at Rs 562.00 on 8 July 2026, down 0.14 percent, with an intraday range of Rs 553.65 to Rs 567.65.
Why did Goldman Sachs cut its EPS estimates for KPIT Technologies?
Ans. Goldman Sachs cut its FY26-28 EPS estimates for KPIT Technologies by up to 15 percent, reflecting expectations of a slower recovery in electric vehicle software and engineering R&D spending by global auto OEMs.
What Q1 revenue decline does Goldman Sachs expect for KPIT Technologies?
Ans. Goldman Sachs expects KPIT Technologies' Q1 revenue to decline 5.2 percent quarter on quarter on weaker client activity, with FY27 revenue growth staying flat amid first half headwinds.
What is KPIT Technologies' Cymotive acquisition?
Ans. Cymotive is an acquisition KPIT Technologies has been progressing as part of its auto OEM R&D focused strategy, and its progress is one of the factors Goldman Sachs is watching for the stock's H2 FY27 outlook.
Should investors buy KPIT Technologies shares after the target cut?
Ans. A target cut with a neutral rating suggests limited near term upside. Investors should review Q1 FY27 results and management commentary on EV R&D demand, and consult a SEBI registered investment advisor before investing.
How can investors track the KPIT Technologies share price live?
Ans. Investors can track the KPIT Technologies share price live on the NSE and BSE websites, as well as on broker platforms and financial research portals covering the stock.
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