Goldman Sachs Group Reiterates €29.00 Price Target for Infineon Technologies (IFXA)
Goldman Sachs Group set a €29.00 ($34.52) target price on Infineon Technologies (ETR:IFXA) in a research report sent to investors on Thursday. The firm currently has a buy rating on the technology company’s stock.
A number of other brokerages have also recently weighed in on IFXA. Commerzbank set a €23.00 ($27.38) target price on shares of Infineon Technologies and gave the stock a buy rating in a report on Monday, October 23rd. DZ Bank restated a neutral rating on shares of Infineon Technologies in a report on Thursday, October 19th. Bank of America set a €29.00 ($34.52) target price on shares of Infineon Technologies and gave the stock a buy rating in a report on Tuesday, October 17th. Citigroup set a €21.25 ($25.30) target price on shares of Infineon Technologies and gave the stock a buy rating in a report on Monday, October 16th. Finally, BNP Paribas set a €18.00 ($21.43) target price on shares of Infineon Technologies and gave the stock a sell rating in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of €23.50 ($27.98).
Infineon Technologies has a 52 week low of €13.43 ($15.99) and a 52 week high of €20.42 ($24.31).
Infineon Technologies AG, together with its subsidiaries, provides semiconductors and system solutions in Germany and internationally. It operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security. The Automotive segment offers automotive microcontrollers for powertrain, safety, and driver assistance systems; discrete power semiconductors; IGBT modules; industrial microcontrollers; magnetic and pressure sensors; power integrated circuits (ICs); radars; transceivers; and voltage regulators.
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