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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

Name: Infosys share price sinks; here is what brokerages are saying
Uploaded: 2022-04-18T10:37:06.000+05:30
Duration: T00M59S
Channel: EJ Biz Desk
Description: Infosys

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

Updated: Sep 02, 2022 10:53

EJ Biz Desk

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Infosys share price sinks; here is what brokerages are saying

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

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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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