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Shares of Infosys Ltd. (Symbol: INFY) recently traded at $23.44, surpassing the average analyst 12-month target price of $22.97. This shift raises questions about whether analysts will adjust their price targets or downgrade the stock based on valuation.
Within the Zacks coverage universe, there are eight analyst targets for Infosys, ranging from a low of $18.00 to a high of $26.70, with a standard deviation of $2.955. The current analyst ratings include five ‘Strong Buy’ ratings, four ‘Hold’ ratings, and no ‘Sell’ ratings. The average rating across analysts is 1.89 on a scale where 1 is Strong Buy and 5 is Strong Sell.
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