Infineon: Oddo raises target price

(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Infineon shares, raising its target price for them from E46 to E50, which gives them upside potential of 44%, after the German semiconductor manufacturer raised its targets.


On its last quarterly publication, the broker said that the group was well placed to raise its forecasts later in the year and that it knew that Infineon had been conservative.

Oddo says that the upgrade corrects excessive management caution, although it is also an interesting indicator for other companies in the sector with similar exposures. The broker has raised its forecasts for Infineon by 11% over 2023-25.


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