---
title: "Infineon Price Target Raised to €70 as Analyst Sees Strengthened Backlog and Expanding AI Power Opportunity Justifying Buy Rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285476798.md"
description: "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."
datetime: "2026-05-07T03:05:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285476798.md)
  - [en](https://longbridge.com/en/news/285476798.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285476798.md)
---

# Infineon Price Target Raised to €70 as Analyst Sees Strengthened Backlog and Expanding AI Power Opportunity Justifying Buy Rating

TD Cowen analyst Joshua Buchalter assigned a Buy rating on Infineon Technologies AG yesterday and set a price target of €70.00.

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Joshua Buchalter has given his Buy rating due to a combination of factors, including Infineon’s strategic shift toward higher‑margin MCU and analog products and an improving longer‑term margin outlook despite modest near‑term guidance pressure from FX and capacity limits. He believes the recent increase in the price target to €70 reflects confidence that upcoming quarters, particularly the December period, will support higher sales and profit forecasts as cost‑savings initiatives scale.

Buchalter also highlights a strengthened backlog of about €25B across auto, AI power, and industrial segments, extending visibility into fiscal 2027 and supporting expectations for a cyclical recovery layered on top of secular growth. In his view, Infineon’s expanding AI power opportunity, enhanced by the new Dresden fab and rising content per kilowatt, along with a growing CPU power business that is not fully captured in AI targets, underpins a compelling long‑term growth and value‑creation story that justifies the Buy rating.

In another report released yesterday, Barclays also maintained a Buy rating on the stock with a €44.00 price target.

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