Infineon Technologies AG (IFNNF): New Buy Recommendation for This Technology Giant
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 02 2024
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Source: Business Insider
Analyst Rating and Performance: Berenberg Bank analyst Tammy Qiu has maintained a Buy rating on Infineon Technologies AG with a price target of €38.00, while the company's shares closed at $33.80. Qiu is recognized as a 5-star analyst with a 63.90% success rate.
Company Financials: Infineon Technologies reported a quarterly revenue of $3.95 billion and a net profit of $728 million for the quarter ending December 31, showing significant growth from the previous year's revenue of $3.16 billion and net profit of $457 million.
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.
