Infosys Q4 Results & FY24 Guidance: Analysts Cut Targets. 😟

Infosys shares may face a selloff after soft Q4 results and weak FY24 guidance

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Nomura India downgraded Infosys stock to 'Neutral' and cut its target price to Rs 1,290 due to weak FY24 guidance and narrowing growth differential with TCS

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Phillip Capital has cut its FY24 and FY25 profit estimates by 5-6% on a sharp miss in Q4 and is forecasting lower revenue growth and Ebit margin for FY24 and FY25

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Nomura India highlighted that Infosys' guidance of 4-7% YoY revenue growth for FY24 represents significant moderation in demand and increased uncertainty in the demand environment

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Infosys now requires a 1.7-2.8% compounded quarterly growth rate over the next four quarters to meet its guidance,

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which may be challenging according to Nuvama Institutional Equities

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