Infineon Technologies (ETR:IFXA) received a €25.50 ($29.65) price target from equities research analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, October 3rd. The firm currently has a “buy” rating on the technology company’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 29.44% from the stock’s current price.
Several other brokerages have also weighed in on IFXA. Credit Suisse Group set a €25.60 ($29.77) target price on shares of Infineon Technologies and gave the stock a “buy” rating in a research note on Friday, July 13th. Citigroup set a €26.50 ($30.81) price objective on shares of Infineon Technologies and gave the company a “buy” rating in a research note on Monday, July 16th. Kepler Capital Markets set a €27.00 ($31.40) price objective on shares of Infineon Technologies and gave the company a “buy” rating in a research note on Tuesday, July 17th. Goldman Sachs Group reissued a “buy” rating on shares of Infineon Technologies in a research note on Wednesday, July 25th. Finally, Commerzbank set a €29.00 ($33.72) price objective on shares of Infineon Technologies and gave the company a “buy” rating in a research note on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of €26.45 ($30.75).
Shares of IFXA stock opened at €19.70 ($22.91) on Wednesday. Infineon Technologies has a 1-year low of €13.43 ($15.62) and a 1-year high of €20.42 ($23.74).
Infineon Technologies Company Profile
Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions in Europe, the Middle East, Africa, the Asia-Pacific, Japan, and Americas. It operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security.
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