Bubble or no bubble, this is the best stock for AI exposure: analyst
Investing.com - Jefferies has raised its price target on Bharti Airtel Ltd (NSE:BHARTI) to INR2,635 from INR2,500 while maintaining a Buy rating on the stock.
The upgrade follows what Jefferies described as a "broad-based beat" in September 2025 results, with strong performance across the company’s India Homes and Africa segments.
Bharti Airtel demonstrated margin expansion in its India Mobile division and generated robust free cash flow during the period, according to the research firm.
Jefferies cited ongoing subscriber premiumisation and improving monetisation trends as factors supporting a healthy growth outlook for the telecommunications company.
The firm has increased its FY26-28 estimates for Bharti Airtel by 1-4%, projecting a 16% India revenue CAGR, 17% EBITDA CAGR, and 23% free cash flow CAGR over the FY26-28 period, along with rising return on capital employed.
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