Highlights

  • Brokerages cut earnings forecast est owing to Q4 miss and FY23 muted margin guidance

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Infosys share price sinks; here is what brokerages are saying

Tech major disappoints the street with earnings in Jan-March quarter

Infosys earnings has left shareholders hit with a sea of red on the stock price, with a large miss on the Q4 revenue and a muted guidance on the current year brokerages are also reworking what they are expecting from the Bengaluru based digital leader.

Credit Suisse
Target Cut To Rs 2,050 from Rs 2,350/Sh
Reduced profit outlook by 8% for next year, see pressure on margins

Also read/watch | SBI hikes rates, loans & EMIs get more expensive

Goldman Sachs
Buy rating target cut to Rs 2,060/share
Use corrections to buy the stock, expect pressure on earnings

CLSA
Target for stock at Rs 2040/share, demand outlook remains weak

Morgan Stanley
Overweight Call, Target Cut To Rs 1,970, use corrections to buy stock

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