UBS Keeps Their Buy Rating on Infineon Technologies AG (IFNNF)

In a report released today, Francois Xavier Bouvignies from UBS maintained a Buy rating on Infineon Technologies AG, with a price target of €44.00. The company’s shares closed last Tuesday at $37.86.

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According to TipRanks, Xavier Bouvignies is a 4-star analyst with an average return of 7.7% and a 57.33% success rate. Xavier Bouvignies covers the Technology sector, focusing on stocks such as ASML Holding NV, Infineon Technologies AG, and STMicroelectronics NV.

Currently, the analyst consensus on Infineon Technologies AG is a Strong Buy with an average price target of $50.03, a 32.14% upside from current levels. In a report released on September 26, Kepler Capital also maintained a Buy rating on the stock with a €42.00 price target.

Based on Infineon Technologies AG’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.7 billion and a net profit of $305 million. In comparison, last year the company earned a revenue of $3.7 billion and had a net profit of $403 million