Brokerage Houses like Morgan Stanley, CLSA, UBS and Goldman Sachs are bullish on Bharti Airtel and recommended BUY ratings with up to 31% upside targets, after robust Q3 results. 

Bharti Airtel reported Q3 Results on February 07, 2023. The company declared Net Profit Jumped 91% to 1,588.20 crores YoY, and ARPU was up 18% YoY at Rs 193.

Morgan Stanley has recommended ‘Overweight’ rating with a 11% upside target of Rs 860 on Bharti Airtel. 

CLSA has recommended ‘BUY’ rating with a 31% upside target of Rs 1,015 on Bharti Airtel. 

UBS has recommended ‘BUY’ rating with a 28% upside target of Rs 995 on Bharti Airtel. 

Goldman Sachs has recommended ‘BUY’ rating with a 12.9% upside target of Rs 875 on Bharti Airtel. 

However, JP Morgan has recommended a ‘Underweight’ rating with a 9.6% downside target of Rs 700 on Bharti Airtel. 

According to JP Morgan said the results were in-line while wireless EBITDA was a disappointment and capex shot up.

Disclaimer: The views and investment suggestions expressed on Admotg Finance are not those of the website or its management. These reports are taken from the research reports of brokerage houses. Admotg Finance advises users to check with certified experts before taking any investment decision.