JPMorgan Chase & Co. Reiterates €25.50 Price Target for Infineon Technologies (IFXA)
Infineon Technologies (ETR:IFXA) has been given a €25.50 ($29.65) price target by JPMorgan Chase & Co. in a report issued on Friday. The brokerage presently has a “buy” rating on the technology company’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 29.44% from the company’s current price.
IFXA has been the topic of a number of other research reports. Deutsche Bank set a €30.00 ($34.88) price objective on Infineon Technologies and gave the company a “buy” rating in a report on Tuesday, October 2nd. Goldman Sachs Group set a €25.40 ($29.53) target price on Infineon Technologies and gave the company a “buy” rating in a research note on Wednesday. Credit Suisse Group set a €25.60 ($29.77) target price on Infineon Technologies and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Commerzbank set a €29.00 ($33.72) target price on Infineon Technologies and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, DZ Bank restated a “buy” rating on shares of Infineon Technologies in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of €25.58 ($29.74).
Shares of ETR IFXA opened at €19.70 ($22.91) on Friday. Infineon Technologies has a 52 week low of €13.43 ($15.62) and a 52 week high of €20.42 ($23.74).
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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