Infosys Lifts Forecast, Analysts Cheer

  Published 10 months ago

Infosys raises revenue forecast floor, beats Q1 estimates; brokerages raise price targets citing strong margins and AI momentum.

  • At least 11 analysts hike price targets; median PT rises to ₹1,700.50 from ₹1,660, per LSEG data.
  • Citi, CLSA, and Morgan Stanley praise margin strength and AI demand capture; CLSA sees PT at ₹1,861.
  • Reiterated margin guidance calms fears over Gen-AI's profitability impact; INFY favored over other large-cap IT peers.

You might like these

Perplexity Eyes Smartphone Browser Push

JSW Motors, KPIT Team Up for EV Future

Cotton MSP Procurement from October

India Sees Broadband, Wireline Growth in June

EPFO Overhauls Partial Withdrawal Rules

JSW & Jindal Stainless Get Boost From Jefferies

Torrent Pharma Gets Clean Inspection Report

News that matters the most ⚡