In a report released today, Janardan Menon from Jefferies maintained a Buy rating on Infineon Technologies AG, with a price target of €48.00. The company’s shares closed last Friday at $37.15.
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Menon covers the Technology sector, focusing on stocks such as ams-OSRAM, Infineon Technologies AG, and AIXTRON. According to TipRanks, Menon has an average return of 5.6% and a 53.08% success rate on recommended stocks.
Currently, the analyst consensus on Infineon Technologies AG is a Strong Buy with an average price target of $48.89, a 31.60% upside from current levels. In a report released on October 10, Deutsche Bank also maintained a Buy rating on the stock with a €44.00 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
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