Infosys (INFY) Stock: Why The Price Went Up Today

By Amit Chowdhry ● Jan 31, 2022
  • The stock price of Infosys Ltd (NYSE: INFY) increased by over 3% during intraday trading today. This is why it happened.

The stock price of Infosys Ltd (NYSE: INFY) increased by over 3% during intraday trading today. Investors are responding positively to a bullish research report.

Wedbush analyst Moshe Katri reiterated an “Outperform” rating on the company shares. And Katri assigned the company a $30 price target on the shares. Plus the company was added to their “Best Ideas List.”

Katri noted that the company is well-positioned for delivering sector-high growth rates, a function of a multi-year spending cycle on digital/SMAC-based services. And Katri explained that the recent 15%-20% correction in the stock provides an attractive buying opportunity.

Going forward, Katri highlighted that the stock’s appreciation is expected to continue to be a function of accelerating topline growth rates with stable margins. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.