INFY Price Prediction Next Week
Based on the recent data and technical analysis, here's the price prediction for INFY for the next trading week:
Technical Analysis
- RSI(14) at 42.21 indicates the stock is approaching oversold territory but not yet at extreme levels
- MACD at -0.27 shows bearish momentum in the short term
- Current price is trading below both SMA20 (22.25) and SMA200 (20.55), indicating overall bearish trend
Fibonacci Levels
- Key resistance: $22.90 (R1), $23.43 (R2)
- Key support: $21.17 (S1), $20.64 (S2)
- Pivot point: $22.03
News Sentiment Analysis
- Recent earnings showed mixed results with revenue beat but earnings miss
- DBS analyst maintained Buy rating with $25.60 target, citing strong financial performance and strategic positioning
- Guggenheim and TD Cowen maintain Hold ratings, while Bank of America Securities reiterated Buy
- Company revised revenue guidance upwards to 3.75%-4.50% but faces margin pressure due to planned wage hikes in January 2025
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Likely trading range: $21.17 (S1) - $22.03 (Pivot)
- Target price: $21.50
- Direction: Slightly bearish in short term
Trading Recommendation SELL with following points:
- Entry: Current market price
- Stop loss: $22.90 (R1)
- Take profit: $20.64 (S2)
Rationale: Technical indicators show bearish momentum, while upcoming wage hikes in January may pressure margins. Though long-term outlook remains positive, short-term headwinds suggest potential downside.
INFY Similar Chart Price Prediction
The price of INFY is predicted to go up -14.29%, based on the high correlation periods with CVM. The similarity of these two price pattern on the periods is 95.35%.
INFY
CVM
Down: -14.29%Similarity: 95.35%
INFY Revenue Forecast
INFY EPS Forecast
INFY FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
INFY VS S&P500
Infosys should benefit from greater margin expansion than expected in our base case as more automated tech solutions decrease the variable costs associated with each incremental sale.
Infosys should profit from a wave of demand for more flexible IT infrastructures following the COVID-19 pandemic, as more companies seek to be prepared with the onset of similar events.
As the European market becomes more comfortable with outsourcing its IT workloads offshore, Infosys should expand its market share in the growing geo.
INFY Analyst's Forecast
Keith Bachman
BMO Capital
Hold
Price Target
$23 → $25
Upside
+11.14%
BMO Capital raised the firm's price target on Infosys to $25 from $21 and keeps a Market Perform rating on the shares after its Q2 results. Despite weakness in large deal total contract value - TCV - against a difficult compare, the company sounded more bullish on the demand environment and notably for smaller deals, the analyst tells investors in a research note. BMO adds that the early signs of improvement at Infosys are encouraging for the industry, though "one quarter does not make a trend".