TD Cowen has raised its Infosys price target to $11 from $9, while maintaining a Hold rating as strong financials contrast with weak momentum and subdued investor enthusiasm.
TD Cowen has kept its “Hold” rating on Infosys while lifting its price target to $11 from $9, a 22.2% increase that signals a slightly more constructive view without shifting to a bullish stance. The move comes as sentiment around the Indian technology group remains mixed, with analysts weighing a cautious operating backdrop against the company’s underlying financial strength.
GuruFocus says Infosys appears undervalued, with its GF Value estimate at $19.70 versus a recent share price of $12.41, implying roughly 37% upside to fair value. The stock also carries a GF Score of 88 out of 100, supported by strong marks for financial strength and profitability, even as momentum remains weak. At the same time, the platform notes that guru ownership has been uneven, with a small number of investors still holding the stock while several have reduced exposure, and no recent insider buying or selling has been reported. For investors, that combination suggests a company with solid fundamentals but limited near-term enthusiasm in the market.
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