Tue Sep 17 07:14:55 UTC 2024: ## Infosys Stock Upgraded to “Buy” by StockNews.com

**New York, NY – September 17, 2024** – In a positive move for investors, StockNews.com upgraded Infosys (NYSE: INFY) from a “hold” rating to a “buy” rating on Friday morning. This upgrade comes on the heels of a strong earnings report from the technology company, which exceeded analysts’ expectations for both earnings per share (EPS) and revenue.

Infosys reported $0.18 EPS for the quarter ended July 18th, matching the consensus estimate, and revenue of $4.71 billion, surpassing the $4.67 billion estimate. This positive performance was driven by strong demand for the company’s consulting, technology, and digital services across North America, Europe, and India.

The upgrade by StockNews.com is supported by several other analysts who have recently issued positive reports on Infosys. Macquarie upgraded the company from “underperform” to “neutral” in July, and Erste Group Bank upgraded the stock from “hold” to “buy” in September.

Overall, seven analysts currently have a “buy” rating on Infosys, while four hold a “hold” rating and only one analyst recommends a “sell” rating. This data suggests that the market sentiment surrounding Infosys is largely positive.

MarketBeat.com currently has a consensus rating of “Moderate Buy” for Infosys, with a consensus price target of $19.27.

Several institutional investors have also demonstrated their confidence in Infosys by increasing their holdings in the company during the second quarter. Notably, Mercer Global Advisors Inc. ADV, GAMMA Investing LLC, D Orazio & Associates Inc., Somerset Trust Co, and Seed Wealth Management Inc. all boosted their positions in Infosys shares.

Infosys continues to be a leader in the global technology services market, providing a wide range of digital solutions to clients worldwide. The company’s recent strong performance and positive analyst outlook suggest that Infosys is well-positioned for continued growth in the future.

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