Infosys

INFY · NATIONAL

$12.35−$0.87 (−6.58%)TodayMarket closed · Oct 23, 7:58 PM ET

Prev close $13.22

INFY analyst rating

HoldConsensus of 8 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold8
Underperform0
Sell0

12-month price target · 44 analysts

Average $13.31 (+7.7% upside)

Low: $10.03
Now: $12.35
High: $18.48

Upgrades and downgrades

The latest rating actions, newest first

INFY analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BMO Capital	Jul 24, 2026	Maintains	Market Perform	$13.00 → $12.00	65%
TD Cowen	Jul 24, 2026	Maintains	Hold	$10.00 → $9.00	85%
Susquehanna	Jul 24, 2026	Maintains	Neutral	$12.00 → $11.00	42%
JP Morgan	Jul 24, 2026	Downgrade	Overweight → Neutral	$12.70 → $10.90	64%
HSBC	Jul 24, 2026	Downgrade	Buy → Hold	$14.24 → $11.47	100%
Stifel	Jul 16, 2026	Maintains	Hold	$15.00 → $13.00	55%
Susquehanna	Jul 10, 2026	Maintains	Neutral	$14.00 → $12.00	42%
TD Cowen	Jul 9, 2026	Maintains	Hold	$13.00 → $10.00	52%
Wells Fargo	Jun 26, 2026	Initiates	Equal-Weight	$11.00	50%
JP Morgan	Jun 24, 2026	Maintains	Overweight	$16.80 → $12.70	64%

The case for and against

Updated Oct 18, 2026

Bull case

Infosys is positioned favorably because its offshore outsourcing model, broad industry exposure, and presence in more than 50 countries support resilient demand even as clients remain cost-focused and cautious on discretionary spending. Financially, 1Q27 operating margin improved to 21.1% despite wage, productivity, AI, and amortization pressures, helped by FX, Project Maximus, and acquisition contributions, while financial services alone delivered $1B in large-deal TCV and remains a growth leader. The weaker +2.4% y/y CC revenue growth was partly distorted by a one-off client termination and an elevated comparison base, while FY27 guidance still embeds inorganic growth from Optimum, Stratus, and potentially Versent, reinforcing a constructive long-term fundamental view.

Bear case

Infosys is facing a deteriorating demand backdrop marked by a worse-than-expected FY27 guide cut, weak 1Q execution, and muted net technology growth, as clients defer discretionary spend amid macro uncertainty, geopolitical friction, and elongated decision cycles. Competitive pricing pressure, aggressive vendor consolidation, and AI-led productivity gains are eroding legacy managed-services volumes, while client-specific shocks such as the European auto loss and Energy/Utilities termination further weigh on growth. Although $3.6B in 1Q27 TCV and strong AI demand support the pipeline, these wins are not yet converting into meaningful acceleration, leaving recovery delayed and the stock likely range-bound.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.