After India's biggest tech giant TCS reported\u00a0the strongest revenue growth in the last 15 quarters, analysts say that the firm has been raising the bar for its peers in the industry. TCS last Friday reported a 17.7% growth in consolidated net profit at Rs 8,126 crore for the March 2019 quarter against Rs 6,904 crore in the year-ago period. Revenue surged 18.5% in the quarter under review to Rs 38,010 crore from Rs 32,075 crore in the same period last year, the company said in a BSE filing. Taking stock of the Q4 earnings, Prabhudas Lilladher said that\u00a0TCS has posted strong results beating consensus estimates on revenues & margins. "Improved deal wins, stronger exit rate, broad based growth, robust pipeline & stable pricing environment will help TCS to deliver double digit growth in FY20E," noted the brokerage firm. While the valuations remain elevated, brokerages say that the\u00a0premium is justified given the firm's solid earnings track record. Prabhudas Lilladher has a target stock price of Rs 2,312 on the shares. TCS shares closed at Rs 2,149.25 on BSE yesterday. Also read:\u00a0Titan, four Indian jewellers in world\u2019s top 100 luxury companies; secret behind India\u2019s growth \u201cHigh payouts to shareholders in the form of buybacks, along with good visibility will ensure the stock remains at elevated valuations. Rolling over our estimates to FY21, we maintain our BUY recommendation on the stock with a revised target Price of Rs 2,300 (from Rs 2,190 earlier)," brokerage firm Reliance Securities noted. Global firm Morgan Stanley maintained an 'Equal-Weight' rating on TCS after Q4 results but raised its 12-month target price of Rs 1,980 from Rs 1,920 earlier. The firm's constant currency revenue growth of 10% remains unchanged.\u00a0 Commenting on the Q4 performance, Rajesh Gopinathan, CEO and Managing Director noted that this is the firm's strongest revenue growth that we have had \u00a0in the last fifteen quarters. "Our order book is bigger than in the prior three quarters, \u00a0and the deal pipeline Is also robust. Despite macro uncertainties ahead, our strong exit positions us very well for the new fiscal,\u201d he added.