Infineon Price Target Raised to €70 as Analyst Sees Strengthened Backlog and Expanding AI Power Opportunity Justifying Buy Rating
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TD Cowen analyst Joshua Buchalter has raised the price target for Infineon Technologies AG to €70, maintaining a Buy rating. This decision is based on a strengthened backlog of €25B and a strategic shift towards higher-margin products. Despite short-term guidance pressures, Buchalter anticipates improved sales and profits in upcoming quarters, particularly in December. Barclays also supports a Buy rating with a €44 price target, highlighting Infineon's potential in AI power and long-term growth opportunities.
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