Global brokerage firm TD Cowen has raised its target price for Infosys Ltd to $18 from $17, citing improved demand visibility, strong deal wins, and resilience in digital transformation services. The revision reflects confidence in Infosys’ ability to navigate macroeconomic challenges while sustaining growth momentum in key international markets.
Infosys Ltd, India’s second-largest IT services company, received a positive endorsement from TD Cowen, which increased its target price to $18. The brokerage highlighted Infosys’ robust pipeline of large deals, ongoing investments in AI and cloud services, and its ability to deliver consistent margins despite global economic uncertainties.
Analysts noted that Infosys’ diversified client base across North America, Europe, and Asia positions it well to capture opportunities in digital transformation, automation, and cost-optimization initiatives. The upgrade comes at a time when IT services firms are cautiously optimistic about FY26, balancing currency headwinds and geopolitical risks with strong demand for technology modernization.
Key Highlights
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Target Price Raised: From $17 to $18 by TD Cowen.
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Reasoning: Strong deal pipeline, resilient margins, and digital transformation demand.
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Global Presence: Diversified client base across major geographies.
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Strategic Focus: Investments in AI, cloud, and automation.
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Market Context: IT sector faces macroeconomic headwinds but remains growth-oriented.
This revision underscores investor confidence in Infosys’ ability to sustain long-term growth and deliver shareholder value.
Sources: TD Cowen Research Note, Business Standard, Economic Times, Moneycontrol