Infosys Stock (INFY): $28 Price Target From BMO Capital

By Amit Chowdhry ● Jan 17, 2022
  • The shares of Infosys Ltd (NYSE: INFY) have received a $28 price target from BMO Capital. These are the details.

The shares of Infosys Ltd (NYSE: INFY) have received a $28 price target from BMO Capital. And BMO Capital analyst Keith Bachman increased the price target on Infosys from $25 while maintaining a “Market Perform” rating on the shares. 

Bachman pointed out that the company’s third-quarter earnings mark another positive report for the broader IT services market, led by solid growth, stable margins, and stable attrition trends. And Bachman noted that valuations in IT Services are supported by strong free cash flows and will likely remain more defensively positioned compared with software.

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