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Analysts Offer Insights on Technology Companies: Infineon Technologies AG (OtherIFNNF) and Altium (OtherALMFF)

Analysts fell to the sidelines weighing in on Infineon Technologies AG (IFNNFResearch Report) and Altium (ALMFFResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Infineon Technologies AG (IFNNF)

J.P. Morgan analyst Sandeep Deshpande maintained a Hold rating on Infineon Technologies AG today. The company’s shares closed last Thursday at $36.01.

According to TipRanks.com, Deshpande is a 5-star analyst with an average return of 11.4% and a 53.9% success rate. Deshpande covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, ASM International, and ASML Holding.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Infineon Technologies AG with a $49.49 average price target.

See the top stocks recommended by analysts >>

Altium (ALMFF)

Jefferies analyst Roger Samuel maintained a Hold rating on Altium today and set a price target of A$68.50. The company’s shares closed last Friday at $42.50, close to its 52-week high of $44.45.

Samuel has an average return of 8.8% when recommending Altium.

According to TipRanks.com, Samuel is ranked #2822 out of 8727 analysts.

Currently, the analyst consensus on Altium is a Moderate Buy with an average price target of $38.14, implying a -14.1% downside from current levels. In a report issued on February 16, Bell Potter also maintained a Hold rating on the stock with a A$66.75 price target.

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