There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Infineon Technologies AG (IFNNF – Research Report) and Xero Limited (XROLF – Research Report) with bullish sentiments.
Infineon Technologies AG (IFNNF)
Jefferies analyst Janardan Menon maintained a Buy rating on Infineon Technologies AG today and set a price target of EUR50.00. The company’s shares closed last Wednesday at $33.53.
According to TipRanks.com, Menon is ranked #6576 out of 8781 analysts.
Infineon Technologies AG has an analyst consensus of Strong Buy, with a price target consensus of $47.71, which is a 42.3% upside from current levels. In a report issued on April 3, Morgan Stanley also upgraded the stock to Buy with a EUR40.00 price target.
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Xero Limited (XROLF)
In a report released today, Lucy Huang from UBS maintained a Buy rating on Xero Limited, with a price target of A$141.90. The company’s shares closed last Friday at $78.00.
According to TipRanks.com, Huang is a 2-star analyst with an average return of
Xero Limited has an analyst consensus of Moderate Buy, with a price target consensus of $94.77.
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Read More on IFNNF:
- Infineon, Amkor enter multi-year partnership, strengthen European supply chain
- Infineon upgraded to Overweight from Equal Weight at Morgan Stanley
- Infineon price target lowered to EUR 38 from EUR 45 at Barclays
- China asks EV makers to purchase local chips, Bloomberg reports
- European Stocks: Unnoticed Records, Overlooked Opportunities
