In a report released yesterday, Kunal Tayal from Bank of America Securities maintained a Buy rating on Infosys Limited, with a price target of INR1,780.00. The company’s shares closed yesterday at INR1,447.90.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Tayal is ranked #4156 out of 10012 analysts.
Currently, the analyst consensus on Infosys Limited is a Moderate Buy with an average price target of INR1,698.92, which is a 17.34% upside from current levels. In a report released on September 30, Jefferies also maintained a Buy rating on the stock with a INR1,750.00 price target.
Based on Infosys Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR4.95 billion and a net profit of INR809.87 million. In comparison, last year the company earned a revenue of INR4.71 billion and had a net profit of INR763 million
Based on the recent corporate insider activity of 202 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INFY in relation to earlier this year.
Read More on IN:INFY:
Disclaimer & DisclosureReport an Issue
- Largest borrow rate increases among liquid names
- Infosys put volume heavy and directionally bearish
- Trump Trade: TikTok’s algorithm, data to be controlled ‘by America’
- Trump to require $100,000 payment for H-1B visas, Bloomberg says
- Infosys announces buyback worth 180B rupees at 1,800 rupee per share
/McDonald's%20Corp%20arches%20by-%20TonyBaggett%20via%20iStock.jpg)