Infosys Limited (INFY) Receives a Rating Update from a Top Analyst


Robert W. Baird analyst David Koning maintained a Hold rating on Infosys Limited (INFY) today and set a price target of $12.00. The company’s shares closed last Monday at $10.65.

According to TipRanks.com, Koning is a top 25 analyst with an average return of 20.5% and a 84.1% success rate. Koning covers the Technology sector, focusing on stocks such as Fidelity National Info, Exlservice Holdings, and Global Payments Inc.

Infosys Limited has an analyst consensus of Hold, with a price target consensus of $12.25, a 12.1% upside from current levels. In a report released yesterday, Nomura also reiterated a Hold rating on the stock.

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Based on Infosys Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $546 million. In comparison, last year the company had a net profit of $586 million.

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Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services; Retail; Communication; Energy, Utilities, Resources, and Services; Manufacturing; Hi-Tech; Life Sciences; and All Other.

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