Bharti Airtel shares extend gains for 2nd day post Q4 results; up to 33% upside ahead? - Target prices
"We reiterate BUY as we believe the industry's wireless ARPU is likely to grow at~12% CAGR over FY26-28, driven by regular tariff hike and multiple premiumisation strategies,” it said
- May 15, 2026,
- Updated May 15, 2026 12:08 PM IST
Airtel share price: Bharti Airtel Ltd shares are on a winning streak, gaining for the third consecutive session on Friday. The telecom major's stock rose as much as 2.11% in early trade to touch a day’s high of Rs 1,923.15 apiece. At the day’s high level, the counter has gained up to 7.55% over two trading sessions following the announcement of its Q4FY26 results on Wednesday after market hours.
Top brokerages have retained their bullish stance on the Sunil Mittal-led telecom giant, citing upbeat core operations and subscriber additions.
Nuvama Institutional Equities
Nuvama remains optimistic about the telecom major's growth trajectory, retaining a 'Buy’ rating with a target price of Rs 2,550 per share, hinting at upside for 33% from current levels. “We continue to see Bharti as the best way to play the Indian telecom sector. We revise FY27E/28E EBITDA by -5%/-4% on slightly lower growth assumption,” it said.
Axis Direct
Axis Direct maintained its 'Buy' recommendation, setting a target price of Rs 2,530. "From a long-term perspective, we believe Bharti Airtel is well-positioned to continue gaining market share, backed by the highest penetration and minimal Capex requirements," the brokerage stated.
JM Financial
JM Financial has also kept its 'Buy' rating intact on the stock, setting a target price of Rs 2,450. JM Financial said, "We reiterate BUY as we believe the industry's wireless ARPU is likely to grow at~12% CAGR over FY26-28, driven by regular tariff hike and multiple premiumisation strategies,” it said
PL Capital
PL Capital reinforced the bullish chorus, maintaining a 'Buy' rating with a target price of Rs 2,226. PL Capital noted, "Management remains focused on driving ARPU growth through premiumization via bundled offerings, increasing postpaid penetration and continued rural network expansion."
Airtel share price: Bharti Airtel Ltd shares are on a winning streak, gaining for the third consecutive session on Friday. The telecom major's stock rose as much as 2.11% in early trade to touch a day’s high of Rs 1,923.15 apiece. At the day’s high level, the counter has gained up to 7.55% over two trading sessions following the announcement of its Q4FY26 results on Wednesday after market hours.
Top brokerages have retained their bullish stance on the Sunil Mittal-led telecom giant, citing upbeat core operations and subscriber additions.
Nuvama Institutional Equities
Nuvama remains optimistic about the telecom major's growth trajectory, retaining a 'Buy’ rating with a target price of Rs 2,550 per share, hinting at upside for 33% from current levels. “We continue to see Bharti as the best way to play the Indian telecom sector. We revise FY27E/28E EBITDA by -5%/-4% on slightly lower growth assumption,” it said.
Axis Direct
Axis Direct maintained its 'Buy' recommendation, setting a target price of Rs 2,530. "From a long-term perspective, we believe Bharti Airtel is well-positioned to continue gaining market share, backed by the highest penetration and minimal Capex requirements," the brokerage stated.
JM Financial
JM Financial has also kept its 'Buy' rating intact on the stock, setting a target price of Rs 2,450. JM Financial said, "We reiterate BUY as we believe the industry's wireless ARPU is likely to grow at~12% CAGR over FY26-28, driven by regular tariff hike and multiple premiumisation strategies,” it said
PL Capital
PL Capital reinforced the bullish chorus, maintaining a 'Buy' rating with a target price of Rs 2,226. PL Capital noted, "Management remains focused on driving ARPU growth through premiumization via bundled offerings, increasing postpaid penetration and continued rural network expansion."