Infosys Limited (INFY) Receives Price Target

Infosys Limited (INFY) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $21 and the lowest price target forecast is $19. The average forecast of all the analysts is $19.98 and the expected standard deviation is $0.71.

Infosys Limited (INFY) : The consensus on Infosys Limited (INFY) based on 11 analyst recommendation on the company stock is 2.64, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity Analysts at the Brokerage Firm, HSBC, downgrades their rating on the shares of Infosys Limited (NYSE:INFY). HSBC has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 9, 2016.

Infosys Limited (NYSE:INFY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.90 and $15.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.10, notching a gain of 1.51% for the day. The total traded volume was 4,599,846 . The stock had closed at $15.86 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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