India's TCS expects retail, manufacturing revival after banking recovery By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2025
0mins
Source: Investing.com
TCS's Optimism on Tech Spending: Tata Consultancy Services (TCS) anticipates increased technology spending from its retail and manufacturing clients in North America, driven by positive holiday sales and improvements in the banking sector, despite ongoing global economic uncertainties.
Impact of Insourcing Trends: TCS downplays concerns regarding the rise of insourcing by multinational corporations through global capability centers (GCCs), suggesting that while there may be initial cost advantages, the long-term sustainability of these centers will vary over time.
Analyst Views on INFY
Wall Street analysts forecast INFY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INFY is 18.95 USD with a low forecast of 17.00 USD and a high forecast of 22.80 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
5 Hold
0 Sell
Hold
Current: 18.290
Low
17.00
Averages
18.95
High
22.80
Current: 18.290
Low
17.00
Averages
18.95
High
22.80
About INFY
Infosys Limited is an India-based company, which provides digital services and consulting. The Company enables clients in approximately 59 countries to navigate their digital transformation powered by cloud and artificial intelligence (AI). Its segments include Financial Services; Retail; Communication; Energy, Utilities, Resources and Services; Manufacturing; Hi-Tech; Life Sciences, and All other segments. The Company's solutions have been primarily classified as digital and core. Its digital solutions include experience, insight, innovate, accelerate, and assure. Its experience solutions include Infosys Aster, Digital Marketing, Digital Commerce and Infosys Metaverse Foundry. Its insight solutions include Infosys Topaz, Infosys Generative AI Labs, Data Analytics and AI, Infosys Sustainability Services and Applied AI. Its core solutions include application management services, proprietary application development services, traditional enterprise application implementation and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.







