Today, we are going to estimate the Info Edge Share Price Target 2024 to 2050 Long Term Prediction. Info Edge is listed on the NSE under the symbol “NAUKRI” and on the BSE with the code “532777“. let’s analyze the future of Info Edge shares as well, including whether it’s a good time to buy or sell them today.
Additionally, we will also take into analysis Info Edge Share Recommendations from various brokerage firms, including Target’s High Price, Target’s Low Price and Recommendation at the end of the article.
Profile of Info Edge
| Name | Info Edge (India) Limited |
| Industry | Internet |
| Founded | 1995 |
| Services | Employment, Education, Real estate, Matrimonial service |
| Products | Naukri.com, Jeevansathi.com, 99Acres.com, Shiksha.com |
| Country | India |
| Website | infoedge.in |
| Profile | Info Edge |
Keep an eye on Info Edge’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Info Edge’s stock price.
An effective method for evaluating the Info Edge share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are available on Info Edge.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 14 FEB 2024 | HDFC Securities | 5650.00 | Buy |
| 08 NOV 2023 | HDFC Securities | 5055.00 | Buy |
| 08 NOV 2023 | Motilal Oswal | 4390.00 | Neutral |
| 24 AUG 2023 | Geojit BNP Paribas | 4896.00 | Buy |
| 14 AUG 2023 | HDFC Securities | 5275.00 | Buy |
| 12 AUG 2023 | Motilal Oswal | 4200.00 | Neutral |
| 29 MAY 2023 | HDFC Securities | 5170.00 | Buy |
The financial services firm HDFC Securities published the latest research report on Info Edge’s Share Price Target, assigning a ‘BUY’ rating with a share price target of Rs. 5,650 from its current market price of Rs. 5,342 as of 13 Feb 2024.
Info Edge, an Indian internet conglomerate, recently released its quarterly report, depicting a mixed bag of results for investors. The company, known for its flagship recruitment platform Naukri.com, reported a soft quarter with stagnant revenue growth and subdued billings.
The core recruitment segment, which accounts for a significant portion of Info Edge’s business, experienced a decline of 1.3% year-on-year. This downturn was primarily attributed to the ongoing slowdown in IT hiring, which constitutes about 60% of the recruitment segment. However, there was a silver lining as traction was observed in non-IT sectors such as BFSI, travel, auto, and construction.
Over the past two years, the recruitment segment had seen robust growth of over 30% year-on-year. However, this growth trajectory has slowed down considerably to a negative 4% in the current fiscal year due to the base effect and reduced hiring activity. Additionally, the margin for the recruitment segment has dipped to around 58%, down from its peak of 62.9% in the third quarter of the previous fiscal year.
On the brighter side, Info Edge’s non-core segments, including 99acres and Jeevansathi, continued to witness growth, with a focus on enhancing profitability. The combined loss from these segments decreased by approximately 40% year-on-year, thanks to stringent control over expenses.
Looking ahead, there is optimism regarding the recovery of the recruitment segment in the latter half of the fiscal year. Moreover, 99acres is expected to remain a key growth driver for the company.
In terms of financial projections, Info Edge maintains a positive outlook, anticipating a revenue compound annual growth rate (CAGR) of 11% over the period from FY23 to FY26. This growth is expected to be propelled by recruitment, 99acres, Jeevansathi, and Shiksha segments. Earnings before interest, taxes, depreciation, and amortization (EBITDA) margin estimates are forecasted to be around 39.3% for FY25 and 40.9% for FY26, with the recruitment segment contributing 58% and 59% respectively during the same period.
Despite the challenges faced by the core recruitment business, Info Edge remains bullish on its prospects. Analysts maintain a buy rating on the company, with a price target of INR 5,650 based on a sum-of-the-parts valuation methodology. This valuation considers factors such as Naukri’s earnings before interest, taxes, depreciation, and amortization (EV/EBITDA), 99acres, Jeevansathi, Shiksha’s price-to-sales ratio, and market value of Zomato and Policybazaar with a slight discount.
To analyze the Info Edge Share Price Target prediction, I will employ technical analysis and machine learning models, specifically focusing on chart patterns, market trends, and historical performance data.
| Info Edge Share Price Target 2024 | |
| Minimum Target | Maximum Target |
| ₹5,650 | ₹6,000 |
| Info Edge Share Price Target 2025 | |
| Minimum Target | Maximum Target |
| ₹6,200 | ₹6,800 |
| Info Edge Share Price Target 2026 | |
| Minimum Target | Maximum Target |
| ₹6,800 | ₹7,500 |
| Info Edge Share Price Target 2027 | |
| Minimum Target | Maximum Target |
| ₹7,500 | ₹8,300 |
| Info Edge Share Price Target 2028 | |
| Minimum Target | Maximum Target |
| ₹8,300 | ₹9,200 |
| Info Edge Share Price Target 2029 | |
| Minimum Target | Maximum Target |
| ₹9,200 | ₹10,200 |
| Info Edge Share Price Target 2030 | |
| Minimum Target | Maximum Target |
| ₹10,200 | ₹11,300 |
| Info Edge Share Price Target 2035 | |
| Minimum Target | Maximum Target |
| ₹15,000 | ₹16,500 |
| Info Edge Share Price Target 2040 | |
| Minimum Target | Maximum Target |
| ₹21,000 | ₹23,000 |
| Info Edge Share Price Target 2045 | |
| Minimum Target | Maximum Target |
| ₹29,000 | ₹32,000 |
| Info Edge Share Price Target 2050 | |
| Minimum Target | Maximum Target |
| ₹40,000 | ₹45,000 |
Info Edge a Good Buy 2024
If you’re considering investing in Info Edge shares, you might be wondering, ‘Is Info Edge a good buy for long-term investment?’ Let’s analyze the stock performance. By the end, you’ll have a clearer understanding of whether it’s a good time to include Info Edge in your long-term investment portfolio in 2024.
Technical Indicators Overview: The technical analysis summary shows a mix of neutral, buy, and sell signals across various indicators. Notably, the Moving Averages indicators present a strong buy signal in the longer timeframes (100 and 200 days), suggesting a positive long-term outlook. This is reinforced by the Exponential Moving Average (EMA) and Simple Moving Average (SMA) for these periods.
Oscillators and Momentum: Oscillators like the Relative Strength Index (RSI) and the Commodity Channel Index (CCI) are neutral, indicating that the stock is neither overbought nor oversold. The Momentum indicator is signaling a buy, which could imply an upward trend in the near future.
Investment Perspective: From an investment standpoint, the combination of stable growth, positive long-term moving averages, and neutral-to-positive oscillator readings suggest that Info Edge is a potentially strong candidate for long-term investment. The company’s robust portfolio of internet services, including prominent platforms like Naukri.com, and its consistent performance in the Indian market, further bolster this view.
The technical analysis is favorable, This indicates a stable and growing trend in the stock’s performance showing a positive change of 0.97%. The technical analysis of Info Edge presents a cautiously optimistic picture for long-term investors, backed by a mix of positive long-term trends and stable current performance.
Company’s Fundamentals
Peer Comparison of Info Edge
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| Zomato Ltd | – | 137809.13 |
| Info Edge | 316.09 | 66806.85 |
| One 97 | – | 20658.17 |
| Indiamart Inter. | 48.89 | 16684.97 |
| Just Dial | 21.94 | 7270.36 |
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– As of 15 February 2024, the current share price of Info Edge is ₹5,166 Check out today’s current share price of Info Edge at the top.
– According to Google historical data, the price of Info Edge on 24 NOV 2006 was ₹145.93.
– Based on our analysis, the maximum Info Edge Share Price Target in 2024 is projected to be ₹6,000.
– Based on our analysis, the maximum Info Edge Share Price Target in 2025 is projected to be ₹6,800.
– Based on our analysis, the maximum Info Edge Share Price Target in 2027 is projected to be ₹8,300.
– Based on our analysis, the maximum Info Edge Share Price Target in 2030 is projected to be ₹11,300.
– Based on our analysis, the maximum Info Edge Share Price Target in 2035 is projected to be ₹16,500.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices.
Disclaimer– These Share Price Targets for “Info Edge Share Price Target” are only provided for informational purposes. It does not constitute a recommendation to buy, sell, or hold Info Edge stock. Investors should conduct their research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
