Infineon Technologies (IFXA) Given a €24.00 Price Target at UBS Group

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Infineon Technologies (ETR:IFXA) has been assigned a €24.00 ($27.91) price target by stock analysts at UBS Group in a research note issued on Monday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the technology company’s stock. UBS Group’s price target points to a potential upside of 21.83% from the stock’s current price.

IFXA has been the subject of several other research reports. DZ Bank reiterated a “buy” rating on shares of Infineon Technologies in a research report on Thursday, September 27th. Credit Suisse Group set a €25.60 ($29.77) target price on Infineon Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Goldman Sachs Group set a €29.90 ($34.77) target price on Infineon Technologies and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Warburg Research set a €26.00 ($30.23) target price on Infineon Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Finally, Commerzbank set a €29.00 ($33.72) target price on Infineon Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have given a buy rating to the stock. Infineon Technologies presently has a consensus rating of “Buy” and a consensus target price of €25.84 ($30.05).

Shares of IFXA opened at €19.70 ($22.91) on Monday. Infineon Technologies has a 52 week low of €13.43 ($15.62) and a 52 week high of €20.42 ($23.74).

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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Analyst Recommendations for Infineon Technologies (ETR:IFXA)

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