Susquehanna analyst James Friedman reiterated a Sell rating on Infosys Limited (NYSE: INFY) on July 9 and set a price target of $15. The company’s shares closed yesterday at $19.42, close to its 52-week high of $20.09.
According to TipRanks.com, Friedman is a 5-star analyst with an average return of 21.4% and a 77.0% success rate. Friedman covers the Technology sector, focusing on stocks such as Alliance Data Systems, Total System Services, and Epam Systems Inc.
Infosys Limited has an analyst consensus of Hold, with a price target consensus of $17.83.
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The company has a one-year high of $20.09 and a one-year low of $13.77. Currently, Infosys Limited has an average volume of 6.44M.
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Infosys Ltd. is a consulting, technology and outsourcing company, which provides end-to-end business solutions thereby enabling clients to enhance business performance. The company operates through following segments: Financial Services, Manufacturing, Retail, Consumer packaged goods and Logistics, the Energy & Utilities, Communication & Services, Hi-Tech, Life Sciences, Healthcare & Insurance and All Other. It offers information technology services, engineering Services, consulting Services, BPO services and products and platforms. The company’s end-to-end business solutions include business information technology services, comprising application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services, comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking product, which offers solutions to address core banking, mobile banking and e-banking needs of retail, corporate and universal banks worldwide. Infosys was founded by K. Dinesh, S. Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Nandan M. Nilekani, Raghavan N. S., Ashok Arora and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.
