The Infineon share was closely examined by Bernstein Research. Here are the results.
The US analysis firm Bernstein Research has left Infineon’s rating at “Outperform” with a price target of 45 euros after an analysis of the automotive chip market. Slower growth and reduced targets are a sign of a cyclical correction in chip demand in the auto industry, analyst Sara Russo wrote in a study available on Tuesday. Infineon should benefit from strong growth once the cyclical challenges are overcome this year.
Stock check: A detailed look at the performance of Infineon shares at the time of the analysis
At 5:18 p.m., Infineon shares slipped 1.7 percent to EUR 33.01 in the XETRA session. So the paper still has an upside potential of 36.34 percent compared to the set price target. Most recently, turnover in XETRA trading was 2,446,233 Infineon shares. Since the beginning of 2024, the share has fallen by 11.8 percent. Infineon is expected to present its results for Q2 2024 on May 7, 2024.
NEW YORK (dpa-AFX Analyzer) / editorial team finanzen.net
Publication of the original study: March 5, 2024 / 06:27 / UTC
First distribution of the original study: March 5, 2024 / 06:27 / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Para. 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found at http://web.dpa-afx.de/offenstellenpflicht/ disclosure_duty.html.
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