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JP Morgan Chase & Co. rates Infineon shares as neutral with a target price of EUR 38.50 - analysis and trading volume
According to a report from www.finanzen.net, the US bank JPMorgan has left the rating for Infineon at “neutral” with a price target of 38.50 euros. The chip company is in a difficult situation, wrote analyst Sandeep Deshpande in a study. There is still a risk that the forecast for the current financial year will have to be reduced, as a recovery in business may not take until the fourth quarter. This year's estimates are below Infineon's targets. The Infineon share was down 3.38 percent at EUR 32.47 in XETRA trading at 11:03 a.m. So the paper still has room for improvement of 18.57 percent in comparison...
JP Morgan Chase & Co. rates Infineon shares as neutral with a target price of EUR 38.50 - analysis and trading volume
According to a report by www.finanzen.net, the US bank JPMorgan has left the rating for Infineon at “neutral” with a price target of 38.50 euros. The chip company is in a difficult situation, wrote analyst Sandeep Deshpande in a study. There is still a risk that the forecast for the current financial year will have to be reduced, as a recovery in business may not take until the fourth quarter. This year's estimates are below Infineon's targets.
The Infineon share was down 3.38 percent at EUR 32.47 in XETRA trading at 11:03 a.m. So the paper still has room for improvement of 18.57 percent compared to the set price target. 1,811,717 Infineon shares have been traded during the day so far. Looking ahead to 2024, the share price fell by 11.4 percent. Infineon is expected to give investors an insight into the quarterly balance sheet for Q2 2024 on May 7th, 2024.
JPMorgan Chase & Co.'s analysis could weaken investor confidence in Infineon and thus lead to a further decline in the share price. The warning of a possible reduction in annual guidance could also lead to many investors reducing their positions, which in turn could lead to increased pressure on the share price. The analyst's lower estimates compared to Infineon's targets could further weaken investor confidence in the company's financial health.
This analysis from JPMorgan Chase & Co. could also have implications for the overall semiconductor market, as the negative outlook for Infineon could affect investor confidence in the sector as a whole. This could lead to a broader decline in semiconductor stocks and reduce investor interest in the space. It remains to be seen how the next quarterly figures and the general market situation will develop in order to determine the exact impact of this analysis on Infineon and the entire semiconductor market.
Read the source article at www.finanzen.net