Infineon Technologies AG shares have recently benefited from a buyers' comeback, which was accompanied by a rise in volumes and volatility. This situation suggests a continuation of the upward dynamic. Investors have an opportunity to buy the stock and target the € 37.2.
Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by 51% by 2023.
Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
Over the last twelve months, the sales forecast has been frequently revised upwards.
For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
The stock is in a well-established, long-term rising trend above the technical support level at 22.78 EUR
Stock prices approach a strong long-term resistance in weekly data at EUR 36.6.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
With an expected P/E ratio at 44.37 and 33.32 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
The company is not the most generous with respect to shareholders' compensation.
ę MarketScreener.com 2021
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