INFOSYS
13.01.2022 - CS on Infy Maintain Outperform Cmp 1875.80 Target 2350
13.01.2022 - MS on Infy Maintain Overweight Cmp 1875.80 Target 2250(PREVTGT 2110)
13.01.2022 - GS on Infy Maintain Buy CMP 1875.80 Target 2415
13.01.2022 - UBS on Infy Maintain Neutral CMP 1875.80 Target 1820
13.01.2022 - CLSA on Infy Maintain Buy CMP 1875.80 Target 2280
13.01.2022 - CITI on Infy Maintain Overweight CMP 1875.80 Target 2180(Prevtgt 2340)
CITI ON INFOSYS : 15.07.2021
* Citi says Infosys reported a good Q1, maintains BUY on the stock with target at Rs 1,785/sh
* Co Reported A Good Q1 - Revenue Beat; EBIT & Guidance Raise Are In-line
* Increase In Attrition Will Have Implications For Margin
* TCV Of New Deals Lower Than Recent Trends, They Can Be Volatile QoQ
* Tweak EPS Estimates Marginally For FY22-24
* MAINTAIN BUY TARGET: 1,785
CREDIT SUISSE ON INFOSYS : 15.07.2021
* Infosys Q1 results a mixed bag - strong revenue performance offset by weaker margin,
* Q1 A Mixed Bag - Strong Revenue Performance Offset By Weaker Margin
* Upward Revision In Revenue Guidance Is Positive
* Revise FY22/23 EPS By - 5%/-3% & FY24 EPS By 1%
* MAINTAIN OUTPERFORM TARGET: 1,890
GOLDMAN SACHS ON INFOSYS : 15.07.2021
* Goldman Sachs cut EPS estimates for Infosys by 2-3% but reiterates buy given best-in-class digital capability & seamless management execution
* Believe Co's Strategy To Capture Demand At The Cost Of Margin Is An Apt One
* Post Q1, Increase Our Revenue Growth Forecasts But Cut Down Margin Forecast
• Cut EPS Estimates By 2-3%
* Reiterate Buy Given Best-in-class Digital Capability & Seamless Mgmt Execution
* MAINTAIN BUY TARGET: 1,781
CLSA ON INFOSYS : 15.07.2021
* Infosys remains preferred play on growing digital spending & market share gains, CLSA says, adding that the IT major is also a part of its India Focus
* Expected Upgrade In FY22 Rev Growth Guidance Indicates Strength Of Demand Drivers
* While We Cut FY22 EPS By 2%, FY23/24 EPS Estimates Remain Broadly Unchanged
• Co Remains Preferred Play On Growing Digital Spending & Market Share Gains
• Co Is Also Part Of Our India's Focus Buy List
* MAINTAIN BUY TARGET: 1,900
BERNSTEIN ON INFOSYS : 15.07.2021
* Bernstein increases its FY23 constant currency revenue/EPS estimates on Infosys after the co's Q1 results yesterday
* Q1FY22 Saw Strong Revenue Growth But Margin Was A Miss
* Increase Our FY23 Constant Currency Revenue/EPS Estimates
* Value Infosys At 28 Times Jun 2023 EPS Vs 27 Times Earlier
* MAINTAIN OUTPERFORM TARGET: 1,760
CLSA ON INFOSYS : 15.07.2021
* Rising fulfilment costs mar an otherwise buoyant outlook
* Infosys reported a sharp rebound in revenue growth
• Concurrent higher and expected upgrade in FY22 revenue growth
• Cut FY22 EPS estimates 2%
Morgan Stanley View : 30.06.2021
* Maintains Overweight, Target At Rs 1,800/Share
• Believe Share Price Will Rise Relative To Country Index Over Next 60 Day
• Lead On Revenue Growth Versus Its Peers In Fy22
* Expect It To Raise Its Revenue Guidance Over The Coming Quarters
* Infosys' Strong Deal Wins And Good Commentary Estimate That There Is About An 80%+
