Is Infosys Limited (INFY) One of the Best Affordable Tech Stocks to Buy Right Now?

Infosys Limited (NYSE:INFY) is one of the best affordable tech stocks to buy right now. On January 27, Infosys Limited (NYSE:INFY) entered into a collaboration with Cursor, an artificial-intelligence-powered development platform, to accelerate AI adoption in software engineering for global enterprises.

Infosys Ltd ADR (NYSE:INFY)

According to the press release, the partnership will establish a dedicated Center of Excellence, or CoE, that will serve as a hub for developing AI-native products. The CoE will integrate Cursor’s enterprise-grade, AI-assisted development capabilities with Infosys Topaz Fabric. The latter is Infosys’ agentic services suite that unifies infrastructure, models, data, applications, and workflows into a single ecosystem. The goal is to help enterprises accelerate the development of AI-native products and modernize complex enterprise systems with greater speed, consistency, and quality, said Infosys.

Separately, on January 15, TD Cowen’s Bryan Bergin maintained a Hold rating on Infosys stock and raised the price target to $18 from $17. Bergin also updated his financial model to reflect an improved growth outlook for the company following recent guidance revisions.

Bergin’s action followed Infosys’ better-than-expected Q3 revenue, which the analyst cited as the key factor. Other factors backing up his action are large deals and a continued healthy pipeline, said the analyst. He added that Infosys’ implied Q4 2026 exit rate of approximately 5% supports growth acceleration in FY27. The analyst expects Street estimates to move higher following the results.

Infosys Limited (NYSE:INFY) is a global IT services and consulting company headquartered in Bengaluru, India. The company has operations spanning more than 50 countries where it specializes in digital transformation, cloud services, artificial intelligence, and business process outsourcing.

While we acknowledge the potential of Infosys Limited (NYSE:INFY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INFY and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.