BMO Capital Lowers PT on Infosys Limited (INFY), Keeps a Hold Rating

​Infosys Limited (NYSE:INFY) is one of the Best Growth Stocks Under $25 to Buy Right Now. On October 17, Keith Bachman from BMO Capital lowered the firm’s price target on Infosys Limited (NYSE:INFY) from $20 to $18, while maintaining a Market Perform rating on the stock.

​The analyst noted that the company posted a reasonable fiscal second quarter and also raised the bottom end of the fiscal year 2026 guidance. However, Bachman believes that the management’s commentary on the demand environment remained subdued, reflecting no improvement in smaller deals from the June quarter.

​The firm remains skeptical of AI being a long-term tailwind for Infosys Limited (NYSE:INFY), but noted that the company has made several developments with regard to its AI-related demand.

Infosys Limited (NYSE:INFY) is a technology company that provides digital services and consultation to businesses, helping them navigate their digital transformations.

While we acknowledge the potential of INFY to grow, 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 this cheapest AI stock.

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