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Infosys Gears Up For Q2 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Published 12/10/2023, 08:45
Updated 12/10/2023, 10:10
© Reuters. Infosys Gears Up For Q2 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
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Benzinga - by Lisa Levin, Benzinga Editor.

Infosys Limited (NYSE: INFY) is expected to release financial results for its second quarter fiscal 2024, before the opening bell on Oct. 12, 2023.

Analysts expect the company to post quarterly earnings at 18 cents per share, compared to year-ago earnings of 18 cents per share. The company’s revenue might come in at $4.61 billion, compared to $4.54 billion in the year-ago period.

Infosys shares fell 1.3% to close at $17.61 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Wedbush analyst Moshe Katri reiterated an Outperform rating with a price target of $22 on Sept. 18, 2023. This analyst has an accuracy rate of 80%.
  • Susquehanna analyst James Friedman downgraded the stock from Neutral to Negative and lowered the price target from $15 to $13 on June 21, 2023. This analyst has an accuracy rate of 68%.
  • BMO Capital analyst Keith Bachman maintained a Market Perform rating and slashed the price target from $21 to $18 on April 14, 2023. This analyst has an accuracy rate of 77%.
  • Cowen & Co. analyst Bryan Bergin maintained a Market Perform rating and cut the price target from $19 to $18 on Oct. 14, 2022. This analyst has an accuracy rate of 81%.
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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