Jefferies analyst Janardan Menon has maintained their bullish stance on IFNNF stock, giving a Buy rating on May 14.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Janardan Menon has given his Buy rating due to a combination of factors that suggest a positive outlook for Infineon Technologies AG. The demand for industrial and automotive chips, key segments for Infineon, is showing signs of recovery, which is expected to continue into the second half of the year. This cyclical recovery is anticipated to lead to improvements in revenue, margins, and earnings, further enhancing the company’s financial performance.
Moreover, Infineon’s Aurix MCU architecture is gaining traction as a standard for software development among automotive OEMs. This is expected to drive further market share gains for Infineon in the automotive MCU sector, potentially increasing its share to 40%. The company’s established software ecosystem and strong market position are likely to create a virtuous cycle of growth, supporting the Buy recommendation.
According to TipRanks, Menon is an analyst with an average return of -0.9% and a 46.55% success rate.
In another report released on May 14, Citi also maintained a Buy rating on the stock with a €39.00 price target.