Infineon: Oddo raises target price, on excellent visibility
(CercleFinance.com) - Oddo is maintaining its "outperform" rating on the share of German semiconductor maker, Infineon, with a target price of 48 euros, which it has raised from 46 euros previously.
The broker underlines that the CMD organised the day before confirmed the excellent visibility on 2022. Infineon was also able to present two major themes around which the group's structural growth revolves, i.e. electrification and digitisation.
Infineon has confirmed its 2021 guidance (with sales of around 11 billion euros), and unveiled a 2022 guidance of 12.6 billion euros, above the consensus (12.3 billion euros).
Oddo is raising its 2022/23 EPS estimates by 4% and expects revenues of 16.7 billion euros in 2025.
The share closed down almost 0.5% yesterday, although still outperformed the German market by about 1%.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker underlines that the CMD organised the day before confirmed the excellent visibility on 2022. Infineon was also able to present two major themes around which the group's structural growth revolves, i.e. electrification and digitisation.
Infineon has confirmed its 2021 guidance (with sales of around 11 billion euros), and unveiled a 2022 guidance of 12.6 billion euros, above the consensus (12.3 billion euros).
Oddo is raising its 2022/23 EPS estimates by 4% and expects revenues of 16.7 billion euros in 2025.
The share closed down almost 0.5% yesterday, although still outperformed the German market by about 1%.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.