The Infineon share was closely monitored by UBS AG. Here are the results.
According to figures for the first quarter of the financial year, UBS left Infineon at “Buy” with a price target of 45 euros. In view of the new target for the operating result (EBIT) in the second quarter and overall, analysts are now likely to reduce their EBIT forecast for the 2023/24 financial year by up to ten percent, wrote analyst Francois-Xavier Bouvignies in a study available on Tuesday. The group’s targets appeared to imply a 16 percent year-on-year increase in sales in the chipmaker’s auto division in the second half of the fiscal year and an increase of six percent compared to the first half of the fiscal year. This is likely to be a key topic during the conference call as it raises questions.
Stock analysis online: The Infineon share under the microscope of current analyzes and valuations
The Infineon share was down 2.9 percent at EUR 33.65 in the XETRA session at 11:21 a.m. So the paper still has a development opportunity of 33.73 percent compared to the set price target. Most recently, the XETRA volume rose to 3,862,564 Infineon shares. The share fell by 11.0 percent over the year 2024. Infineon’s Q1 2024 balance sheet is expected on February 6, 2024.
ZURICH (dpa-AFX Analyzer) / editorial team finanzen.net
Publication of the original study: February 6th, 2024 / 07:31 / GMT First time distribution of the original study: February 6th, 2024 / 07:31 / GMT
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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