Infosys Stock (INFY): $29 Price Target From Susquehanna

By Amit Chowdhry ● Jan 10, 2022
  • The shares of Infosys Ltd (NYSE: INFY) have received a price target of $29 from Susquehanna. These are the details.

The shares of Infosys Ltd (NYSE: INFY) have received a price target of $29 from Susquehanna. And Susquehanna analyst David Grossman upgraded Infosys to “Positive” from “Neutral” while increasing the price target from $22.

Grossman noted that the company has the right mix to do well in this environment and its core human resource excellence to recruit, train and retain should be a differentiator. Plus Grossman cited increased estimates for Infosys to reflect good demand for IT services.

By interpreting IT budget forecasts in the Fortune 1,000, Grossman would look for broad-based strength in core verticals.

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