Kunal Tayal, an analyst from Bank of America Securities, reiterated the Buy rating on Infosys Limited. The associated price target is INR1,780.00.
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Kunal Tayal has given his Buy rating due to a combination of factors that highlight Infosys Limited’s strategic positioning and growth potential. The company’s partnerships with leading AI firms such as OpenAI and Anthropic indicate a strong alignment with emerging technology trends, particularly in AI services. Infosys’s leadership in AI is further evidenced by its selection as a strategic partner by major banks and its high rankings from industry consultants, showcasing its competitive edge in the market.
Additionally, Infosys has demonstrated resilience and adaptability in the face of macroeconomic challenges, with financial services showing improved spending trends. The company is also targeting gradual margin expansion through strategic initiatives like near-shore centers, non-effort based pricing models, and enhanced automation. These efforts, coupled with a stable macro environment and the potential benefits of rupee depreciation, support the positive outlook for Infosys’s financial performance.
According to TipRanks, Tayal is ranked #4184 out of 10139 analysts.