Shares of Infosys Ltd. (Symbol: INFY) have recently traded above the average analyst-set 12-month target price of $22.71, currently priced at $22.79 per share. When a stock hits its analyst target, the next steps could either involve a downgrade based on valuation or an adjustment of the target price to a higher level. Analysts may choose their response based on the recent performance and developments of the company. If there are positive signs for Infosys, raising the target price could be warranted.
An average of 12 different analyst targets contributes to the current forecast for Infosys Ltd. This average represents a collective assessment rather than the opinion of a single expert. Among these analysts, there are varied perspectives; for instance, one sets a target price as low as $14.00, while another aims as high as $26.80, resulting in a standard deviation of $3.667.
The importance of analyzing the average price target lies in its collective nature, which draws on the diverse insights from multiple analysts. With INFY surpassing the average target price of $22.71, investors are encouraged to evaluate whether this level is just an intermediary stop towards even higher targets or if the stock’s valuation is becoming too inflated, potentially signaling a time to sell some shares. Below is a summary of current analyst views on Infosys Ltd:
| Recent INFY Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 10 | 10 | 10 | 10 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 7 | 7 | 7 | 7 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 1.97 | 1.97 | 1.97 | 1.97 |
The average rating above uses a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Strong Sell. Data for this article was sourced from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on INFY — FREE.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
