INFY Price Prediction Next Week
Analysis and Insights
News Impact:
- Settlement Agreement: Infosys has resolved six class action lawsuits, agreeing to pay $17.5 million. This resolution removes legal uncertainties and could positively impact investor sentiment.
- AI Initiatives: Infosys launched a Responsible AI Toolkit, enhancing its position in ethical AI and potentially driving higher-margin consulting engagements.
- ETF Analyst Target: The Invesco International Dividend Achievers ETF (PID) includes INFY with an analyst target price of $23.82, indicating a 29.43% upside.
Technical Analysis:
- Price Action: INFY closed at $18.32 on March 21, with a pre-market increase of 2.10%, suggesting positive momentum.
- RSI: At 28.67, INFY is oversold, indicating a potential rebound.
- MACD: A slight negative signal but nearing a bullish crossover.
- Fibonacci Levels: Pivot at $18.75, resistance at $19.47, and support at $18.03.
Prediction and Recommendation:
Based on the settlement, AI initiatives, and technical indicators, INFY is expected to rise to $19.50 next week. The oversold RSI and potential MACD crossover support this bullish outlook.
Conclusion
Predicted Price: $19.50
Recommendation: Buy
INFY Similar Chart Price Prediction
The price of INFY is predicted to go up 0.03%, based on the high correlation periods with FNWD. The similarity of these two price pattern on the periods is 98.91%.
INFY
FNWD
Up: 0.03%Similarity: 98.91%
INFY Revenue Forecast
INFY EPS Forecast
INFY FAQs
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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
2024-10-18
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".
