According to MarketBeat, Infosys Limited (NYSE:INFY) has received an average recommendation of “Moderate Buy” from brokerages. The company, a leading provider of consulting, technology, and outsourcing services, has an average target price of $18.55 per share. This suggests that analysts believe the stock has potential for moderate growth and are recommending it as a buy.
Several brokerages have recently updated their ratings and price targets for Infosys. Some have maintained their “buy” or “outperform” ratings, while others have upgraded their ratings to “buy” or “strong buy”. The company’s strong financial performance, diversification of services, and growing demand for digital transformation services have been cited as reasons for the positive recommendations.
However, some brokerages have also expressed concerns about the company’s high dependence on a few large clients, as well as the competitive nature of the IT services industry. Despite these concerns, the overall consensus among brokerages is that Infosys is a solid investment opportunity with moderate growth potential.