Infosys' Stock Plummets Amidst Weak Revenue Outlook and Leadership Loss
TL;DR Summary
JPMorgan analyst Ankur Rudra has downgraded Infosys to underweight and cut its stock-price target by 20% after the company's Q4 results and guidance "missed sharply on every possible parameter." Rudra cited the recent loss of business momentum on revenues and signings, indicating that Infosys has "lost the revenue growth leadership." The U.S.-listed shares slipped 0.1% in midday trading Monday after plunging 13% over the past three days.
- It’s time to sell Infosys’ stock because growth leadership has been lost: analyst MarketWatch
- Infosys Shares Hit Over 2-Year Low After Missing Q4 Profit Estimates NDTV
- India's Infosys tumbles 15% on weak revenue outlook, dents sector Yahoo Finance
- #MARKETTODAY | Infosys Shares Crash 12%. Should You Buy The Dip? Business Today
- Infosys Share Plunge May Have A Brighter Side For Investors BQ Prime
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