In a report released on October 15, Sachin Mittal from DBS maintained a Buy rating on Infosys (INFY – Research Report), with a price target of $19.50. The company’s shares closed yesterday at $17.35.
According to TipRanks, Mittal is a 4-star analyst with an average return of 13.2% and a 66.18% success rate. Mittal covers the Technology sector, focusing on stocks such as Meta Platforms, Sea, and Accenture.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Infosys with a $17.44 average price target.
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INFY market cap is currently $71.54B and has a P/E ratio of 23.66.
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Infosys (INFY) Company Description:
Founded in 1981, Infosys Ltd. is a global leader in next-generation digital services and consulting, with it providing end-to-end business solutions in North America, Europe, and India. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.
Read More on INFY:
- Infosys falls -7.5%
- Infosys : Highest ever large and mega deal wins with TCV of $7.7 billion lay solid foundation for future
- Infosys sees FY24 constant currency revenue growth 1%-2.5%, consensus $18.71B
- Infosys reports Q2 EPS 18c, consensus 18c
- Options Volatility and Implied Earnings Moves Today, October 12, 2023
