Infosys (INFY) Stock Forecast & Price Target

$21.68

-0.57 (-2.56%)

(As of 07/19/2024 ET)

Infosys - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 12 Analyst Ratings

Based on 12 Wall Street analysts who have issued ratings for Infosys in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 1 has given a sell rating, 5 have given a hold rating, and 6 have given a buy rating for INFY.

Consensus Price Target

$19.27
-11.11% Downside

High Forecast	$24.00
Average Forecast	$19.27
Low Forecast	$14.00

According to the 12 analysts' twelve-month price targets for Infosys, the average price target is $19.27. The highest price target for INFY is $24.00, while the lowest price target for INFY is $14.00. The average price target represents a forecasted downside of -11.11% from the current price of $21.68.

Type	Current Forecast 7/21/23 to 7/20/24	1 Month Ago 6/21/23 to 6/20/24	3 Months Ago 4/22/23 to 4/21/24	1 Year Ago 7/21/22 to 7/21/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	2 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$19.27	$19.27	$19.27	$18.57
Forecasted Upside	-11.11% Downside	7.71% Upside	7.71% Upside	8.32% Upside

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INFY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

INFY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Infosys Stock vs. The Competition

Type	Infosys	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.42	2.61	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-11.11% Downside	117.63% Upside	10.02% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/19/2024	Macquarie 2 of 5 stars	R. Menon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral
4/19/2024	BMO Capital Markets 3 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$21.00 ➝ $18.00	+7.08%
4/19/2024	Susquehanna 2 of 5 stars		Lower Target	Negative ➝ Negative	$15.00 ➝ $14.00	-15.23%
4/19/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$20.10	+21.71%
4/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
3/19/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$20.00	+4.33%
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3/13/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$22.00	+14.76%
1/17/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$24.00	+23.27%
1/3/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
1/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight
9/8/2023	Nomura Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Neutral
8/22/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
4/14/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
4/13/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
10/14/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	$19.00 ➝ $18.00	-0.28%
10/14/2022	Investec Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
9/16/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral	$29.00 ➝ $20.00	+12.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 04:40 PM ET.

INFY Forecast - Frequently Asked Questions

What is Infosys' forecast for 2024?: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Infosys is $19.27, with a high forecast of $24.00 and a low forecast of $14.00.
Should I buy or sell Infosys stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Infosys in the last year. There is currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" INFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INFY, but not buy additional shares or sell existing shares.
Does Infosys's stock price have much upside?: According to analysts, Infosys's stock has a predicted upside of 7.71% based on their 12-month stock forecasts.
Has Infosys been upgraded by Wall Street analysts recently?: Over the previous 90 days, Infosys's stock had 1 upgrade by analysts.
What analysts cover Infosys?: Infosys has been rated by research analysts at Macquarie in the past 90 days.
Do Wall Street analysts like Infosys more than its competitors?: Analysts like Infosys less than other "computer and technology" companies. The consensus rating for Infosys is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how INFY compares to other companies.