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Infineon Technologies AG (IFNNF) Receives a Rating Update from a Top Analyst

Tipranks - Tue Jun 23, 2:26AM CDT

In a report released today, Mark Newman from Bernstein maintained a Buy rating on Infineon Technologies AG, with a price target of €102.00.

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Newman covers the Technology sector, focusing on stocks such as Apple, SanDisk Corp, and Western Digital. According to TipRanks, Newman has an average return of 120.2% and an 81.48% success rate on recommended stocks.

In a report released on June 12, Goldman Sachs also assigned a Buy rating to the stock with a €88.00 price target.

IFNNF market cap is currently €106.7B and has a P/E ratio of 97.60.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IFNNF in relation to earlier this year.

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