CLSA Maintains a Buy Rating on Infosys (INFY) With a PT of INR1,861

Infosys (NYSE:INFY) is one of the best NYSE stocks to buy under $20. In a report released on July 24, Sumeet Jain from CLSA maintained a Buy rating on Infosys (NYSE:INFY), setting a price target of INR1,861.00.

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In other news, Infosys (NYSE:INFY) announced a strategic collaboration with RWE, a German multinational energy company, on July 28 to drive automated digital workplace transformation and improve operational efficiency.

The collaboration would implement solutions automating processes and enabling self-service options, supporting RWE’s ongoing efforts to drive operational excellence by leveraging Infosys Workplace Suite, which is an “amalgamation of tools and accelerators that help enterprises drive adoption of Digital Workplace Services”.

Infosys (NYSE:INFY) is a digital services and consulting company that provides end-to-end business solutions. The company’s operations are divided into the following segments: Financial Services, Retail, Communication; Energy, Utilities, Resources, and Services; Manufacturing, Hi-Tech, Life Sciences, and All Other.

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.