New Forecasts: Here's What Analysts Think The Future Holds For Le Travenues Technology Limited (NSE:IXIGO)

Shareholders in Le Travenues Technology Limited (NSE:IXIGO) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. Investors have been pretty optimistic on Le Travenues Technology too, with the stock up 12% to ₹175 over the past week. It will be interesting to see if today's upgrade is enough to propel the stock even higher.

Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.

After the upgrade, the three analysts covering Le Travenues Technology are now predicting revenues of ₹12b in 2026. If met, this would reflect a sizeable 31% improvement in sales compared to the last 12 months. Per-share earnings are expected to leap 44% to ₹2.22. Before this latest update, the analysts had been forecasting revenues of ₹11b and earnings per share (EPS) of ₹2.07 in 2026. The most recent forecasts are noticeably more optimistic, with a substantial gain in revenue estimates and a lift to earnings per share as well.

See our latest analysis for Le Travenues Technology

It will come as no surprise to learn that the analysts have increased their price target for Le Travenues Technology 7.6% to ₹188 on the back of these upgrades.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 31% growth on an annualised basis. That is in line with its 29% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 19% per year. So although Le Travenues Technology is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for this year, expecting improving business conditions. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. There was also an increase in the price target, suggesting that there is more optimism baked into the forecasts than there was previously. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Le Travenues Technology.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple Le Travenues Technology analysts - going out to 2028, and you can see them free on our platform here.

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.