Senate Republicans to challenge auto safety mandates in January - WSJ
Investing.com - JPMorgan has reiterated an Overweight rating on Infosys Ltd. (NSE:INFO) (NYSE:INFY) with a price target of INR2,000.00, citing stable demand and strong bookings.
The financial services company reports that Infosys has not experienced any deterioration in demand trends during the third quarter, with particular strength in financial services and mortgage sectors, though manufacturing continues to face challenges.
Infosys recorded strong bookings of $6.9 billion in the first half of the fiscal year, with an additional $1.6 billion NHS contract in the third quarter, which JPMorgan notes correlates well with underlying revenue momentum.
The company’s second-half guidance, projecting -1.5% to -0.2% quarter-over-quarter growth rate from Q2 to Q4 of fiscal year 2026, accounts for furloughs, a new contract start, and seasonal weakness in the fourth quarter.
JPMorgan maintains Infosys as its top Overweight pick among IT scale vendors, pointing to the company’s strong artificial intelligence proposition and reasonable valuation, while noting that future margins will depend on success in value-based selling, pyramid management, and foreign exchange tailwinds.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.