Stifel analyst David Grossman raised the firm’s price target on Infosys (INFY) to $19 from $16.50 and keeps a Hold rating on the shares. Fiscal Q3 revenue and EPS were in-line, but FY26 revenue guidance was raised above the high-end of the previous range with implied Q4 revenue growth accelerating to 7%-8%, the analyst noted following earnings.
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