# Brokerages have largely maintained a constructive stance on Tata Consultancy Services’ stock following its Q4 FY26 results.

*business · news · 2026-04-10 · Moneycontrol*

## Key points

- TCS' GenAI revenue now annualizes at $2.3 billion, contributing 7.5 percent of total revenue.
- JPMorgan reports TCS returned 80-100 percent of free cash flow via dividends and buybacks.
- Nomura raised FY27-28 EPS estimates by 2-3 percent and increased dollar revenue growth forecasts.
- Jefferies flagged concerns about AI-led revenue deflation and expects margins to remain rangebound.

**Companies:** Tata Consultancy Services
**Countries:** India

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/stocks/tcs-stock-outlook-brokerages-bullish-post-q4-results-see-steady-growth-ai-tailwinds-check-target-prices-13885150.html)

---

Canonical: https://newsio.io/n/110cbe50-08e2-4280-b5ba-cd39a897695e/brokerages-have-largely-maintained-a-constructive-stance-on-tata-consultancy-ser
Summarized by Newsio from Moneycontrol. https://newsio.io/how-it-works