Redburn Atlantic Initiates Coverage on Infosys (INFY) With a Sell Rating

Infosys (NYSE:INFY) is one of the best growth stocks under $50 to buy now. In a report released on September 3, Harry Read from Redburn Atlantic initiated coverage on Infosys (NYSE:INFY) with a Sell rating and a price target of $12.00.

In other news, Infosys (NYSE:INFY) announced a multi-year strategic collaboration with One Bright Kobe on September 2. One Bright Kobe operates Glion Arena Kobe, which is a new multi-purpose arena in Kobe, Japan.

Management reported that as part of the collaboration, Infosys (NYSE:INFY) would be Glion Arena Kobe’s Official Digital Innovation and GX (Green Transformation) partner.

The “strategic engagement” with Japan’s first entertainment arena, according to the company, is set to “revolutionize live entertainment and sports through advanced digital innovation and sustainable practices,” ushering in “a new era for live events” by leveraging the power of Infosys Cobalt.

Infosys Cobalt is a set of solutions, services, and platforms for enterprises to accelerate their cloud journey.

Infosys (NYSE:INFY) is a digital services and consulting company that provides end-to-end business solutions. The company’s operations are divided into the following segments: Financial Services, Retail, Communication; Energy, Utilities, Resources, and Services; Manufacturing, Hi-Tech, Life Sciences, and All Other.

While we acknowledge the potential of INFY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.