Infosys: Nomura sees 42% upside after $560 million ‘double acquisition’
The brokerage house, Nomura, maintained Infosys as its top large-cap Indian IT services pick after Infosys acquired two new firms. The brokerage retained its ‘Buy’ rating on Infosys and a target price of Rs 1,810, implying an upside 42% from the current market price. The firm values the stock at an EPS of 23x for the first half of FY28, citing potential upside risks from stronger-than-expected growth or guidance upgrades.
