D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
Investing.com - Jefferies has upgraded Lupin (NSE:LUPN) (BOM:LPC) stock rating from Hold to Buy while raising its price target to INR2,250.00 from INR2,200.00.
The upgrade follows Lupin’s first-quarter results, which exceeded Jefferies’ estimates due to strong U.S. revenue performance and lower operating expenses.
Jefferies highlighted Lupin’s robust U.S. pipeline for fiscal year 2026, noting several first-to-file opportunities and injectable product launches that are expected to contribute to margin improvement.
While fiscal year 2027 presents "many moving parts related to key U.S. products," Jefferies noted that Lupin’s management remains confident in achieving high-single-digit revenue growth.
Based on these factors, Jefferies has increased its earnings per share estimates for Lupin by 7% for FY26 and 2% for FY27, viewing the recent stock price correction as a buying opportunity.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.