Nomura cuts target for Infosys stock to INR 1,300

Published on 10/26/2026 at 15:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Infosys posted a 21.00 percent operating margin in Q2. Infosys stock costs EUR 11.18 on October 26, 2026 at 3:36 p.m. CEST in the latest results cycle.

Targets and operating metrics

Nomura lowered its Infosys target from INR 1,310 to INR 1,300 on October 26, 2026.
Infosys generated AI revenue equal to 10.50 percent of sales in the second quarter, up 29.00 percent sequentially.
Infosys stock costs EUR 11.18 at Lang & Schwarz on October 26, 2026 at 3:36 p.m. CEST.
Infosys had a USD 50.5 billion market capitalization and a P/E ratio of 20.64 on October 26, 2026.

Infosys, US4567881085, Illustration mit AI erstellt.

Nomura cut its target for Infosys from INR 1,310 to INR 1,300 on October 26, 2026, while retaining a Buy rating, Business Today reported. Infosys stock was trading at EUR 11.18 at Lang & Schwarz on October 26, 2026 at 3:36 p.m. CEST.

What does the target change mean?

The adjustment reduces Nomura's target by INR 10, or 0.76 percent, from its previous level. Business Today reported that Nomura kept its Buy rating while pointing to pricing pressure and softer volume growth in the September quarter.

AI revenue grows while margins hold

Infosys said AI-related revenue reached 10.50 percent of total revenue in the second quarter ended September 30, 2026, rising 29.00 percent sequentially. The company also reported large-deal total contract value of USD 5.2 billion, with 62.00 percent classified as net new, according to the Financial Times.

For the quarter ended September 30, 2026, revenue was USD 5,145.00 million, up 1.50 percent year over year in constant currency. Operating margin stayed at 21.00 percent, while free cash flow was USD 928.00 million, down 15.70 percent year over year, the company reported in its financial results.

Valuation and trading frame

On the NYSE, Infosys was trading at USD 12.46 on October 26, 2026 at 10:47 a.m. ET. Its market capitalization was USD 50.5 billion, its trailing P/E ratio was 20.64, and its 52-week range was USD 10.12 to USD 30.00 on the same date.

The latest quarterly figures give investors two different signals. AI revenue expanded quickly, but overall constant-currency revenue growth remained at 1.50 percent and free cash flow declined 15.70 percent year over year. The stable 21.00 percent operating margin therefore sits alongside slower cash generation.

Stock price and investor perspective

Infosys combines a current EUR 11.18 Lang & Schwarz indication with a September-quarter operating profile that is mixed by metric. The analyst target change is small in percentage terms, while the reported AI revenue share provides a separate measure of business momentum.

The further course of trading is shown by the continuously updated real-time quote of Infosys stock.