TD Cowen analyst Joshua Buchalter maintained a Buy rating on Infineon Technologies AG yesterday and set a price target of €44.00.
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Joshua Buchalter has given his Buy rating due to a combination of factors that highlight Infineon Technologies AG’s potential for growth despite a conservative market outlook. The company has shown significant progress in its AI power segment, with revenues expected to reach €1.5 billion by 2026, a 50% increase from previous forecasts. This growth in AI power is seen as a bright spot amidst a generally tepid market environment.
Moreover, Infineon’s strategic initiatives to manage costs and maintain profitability, even as certain charges continue to affect gross margins, further support the Buy rating. The company’s focus on secular growth areas such as automotive power and microcontroller units (MCUs) remains intact, providing a buffer against market volatility. Despite a cautious outlook for fiscal year 2026, particularly in the automotive sector, Infineon’s ability to leverage company-specific strengths and capitalize on AI demand positions it well for future success.
IFNNF’s price has also changed slightly for the past six months – from EUR34.030 to EUR36.225, which is a 6.45% increase.