Infineon Technologies (ETR:IFXA) received a €21.00 ($24.42) price objective from investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 6.60% from the stock’s previous close.
IFXA has been the subject of several other reports. UBS Group set a €24.00 ($27.91) price target on shares of Infineon Technologies and gave the company a “buy” rating in a research report on Wednesday, December 12th. Independent Research set a €22.00 ($25.58) price target on shares of Infineon Technologies and gave the company a “buy” rating in a report on Thursday, March 28th. Warburg Research set a €25.00 ($29.07) price objective on shares of Infineon Technologies and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Barclays set a €17.25 ($20.06) price objective on shares of Infineon Technologies and gave the stock a “sell” rating in a research note on Thursday, January 17th. Finally, DZ Bank reiterated a “neutral” rating on shares of Infineon Technologies in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of €22.74 ($26.44).
IFXA opened at €19.70 ($22.91) on Friday. Infineon Technologies has a 1 year low of €13.43 ($15.62) and a 1 year high of €19.70 ($22.91).
About Infineon Technologies
Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions in Europe, the Middle East, Africa, the Asia-Pacific, Japan, and Americas. It operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security.
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