Infineon Technologies (ETR:IFXA) received a €21.00 ($24.42) price target from Goldman Sachs Group in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the technology company’s stock.
Several other research firms have also issued reports on IFXA. DZ Bank reissued a “neutral” rating on shares of Infineon Technologies in a report on Thursday, August 1st. Barclays set a €14.50 ($16.86) target price on Infineon Technologies and gave the stock a “sell” rating in a report on Friday, October 11th. Deutsche Bank set a €22.00 ($25.58) price objective on Infineon Technologies and gave the company a “buy” rating in a research note on Thursday, October 10th. Independent Research set a €20.50 ($23.84) price objective on Infineon Technologies and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Oddo Bhf set a €15.50 ($18.02) price objective on Infineon Technologies and gave the company a “neutral” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of €20.64 ($23.99).
Infineon Technologies has a 1-year low of €13.43 ($15.62) and a 1-year high of €19.70 ($22.91). The firm has a 50-day moving average price of €19.70.
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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