target price cut

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Goldman Sachs Downgrades Indian IT Growth Forecasts Amid US Economic Uncertainty

2025-03-28 Niranjan Ghatule

This article discusses Goldman Sachs' latest downgrade of the Indian IT sector due to growing macroeconomic uncertainties, particularly in the US. The firm has sharply cut its FY26E revenue growth forecast for Indian IT services to 4% YoY, citing slower US GDP growth and rising recession risks.

Goldman Sachs Downgrades Indian IT Growth Forecasts Amid US Economic Uncertainty

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