Top IT Stock Infosys: Brokerages Recommend ‘BUY’ after Q3 results

Brokerage Houses like YES Securities, Motilal Oswal, and Sharekhan are bullish on Infosys after Q3 results and recommended BUY ratings with up to 18% upside targets.

Brokerage Houses like YES Securities, Motilal Oswal, and Sharekhan recommended BUY ratings on Infosys in their Research reports.

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YES Securities has given a BUY recommendation with a 18% upside target of Rs 1780 on Infosys in its research report dated January 12, 2023.

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YES Securities maintains its BUY rating on the stock with a revised target price of Rs 1,780/share at 24.0x on FY24E EPS.

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Motilal Oswal has given a BUY recommendation with a 17% upside target of Rs 1760 on Infosys in its research report dated January 13, 2023.

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Based on their revised estimates, the stock is currently trading at 22x FY24E EPS. Motilal Oswal values the stock at 26x FY24E EPS, implying a TP of INR1,760.

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Sharekhan has given a BUY recommendation with a 15% upside target of Rs 1730 on Infosys in its research report dated January 12, 2023.

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Sharekhan advises investors to adopt a staggered approach to investing in the stock from a long-term perspective.

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Disclaimer: The views and investment suggestions expressed on Admotg Finance are not those of the website or its management. These reports are taken from the research reports of brokerage houses. Admotg Finance advises users to check with certified experts before taking any investment decision.

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