Infineon: Stifel marginally reduces its target

(CercleFinance.com) - Stifel maintains its Buy rating on Infineon shares, with a slightly revised price target of €36 to €35, following the release of Infineon's fourth-quarter results.


'We are lowering our earnings per share forecasts for 2025 and 2026 by 16% and 3% respectively', says the analyst.

The broker reports that meetings with Infineon confirmed its view that the company will continue to outperform its automotive peers thanks to market share gains in automotive MCUs and SiC, as well as a strong presence with Chinese electric vehicle manufacturers.

Stifel expects the automotive and industrial end-markets to recover in fiscal 2025, while Infineon forecasts 'sequential growth after a dip in the first quarter'.

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