Short Term Price Target on Infosys Limited (INFY)

Infosys Limited (NYSE:INFY) stock is expected to deviate a maximum of $1.28 from the average target price of $20.02 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $21 and the most muted being $18.

Infosys Limited has lost 5.95% in the last five trading days and dropped 7.7% in the last 4 weeks. Infosys Limited has dropped 6.26% during the last 3-month period . Year-to-Date the stock performance stands at 7.73%. Also, Equity Analysts at the Goldman Sachs upgrades the rating on Infosys Limited (NYSE:INFY). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on May 26, 2016.

Infosys Limited (NYSE:INFY) : Zacks Investment Research ranks Infosys Limited (NYSE:INFY) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.64, which indicates as a Hold.

Infosys Limited (NYSE:INFY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.71 and $17.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.85, notching a gain of 0.39% for the day. The total traded volume was 3,581,603 . The stock had closed at $17.78 on the previous day.

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Companys solutions include application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting, enterprise solutions and package implementation, systems integration and business intelligence; Products, business platforms and solutions, and technologies, such as cloud computing, enterprise mobility, digital, big data and analytics. Its segments are Financial Services and Insurance, Manufacturing, Energy and utilities, Communication and Services, Retail, Consumer packaged goods and Logistics, Life Sciences and Healthcare, and Growth Markets.

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