Infinera Corporation (INFN)
NASDAQ: INFN · IEX Real-Time Price · USD
6.20
+0.09 (1.47%)
At close: Jul 2, 2024, 4:00 PM
6.15
-0.05 (-0.81%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Infinera Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Infinera stock have an average target of 7.11, with a low estimate of 4.50 and a high estimate of 10. The average target predicts an increase of 14.68% from the current stock price of 6.20.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Infinera stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 5 | 4 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 2 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 7 | 7 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy → Hold Downgrades $12 → $6.65 | Strong Buy → Hold | Downgrades | $12 → $6.65 | +7.26% | Jul 1, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $5.4 → $6.65 | Hold | Maintains | $5.4 → $6.65 | +7.26% | Jun 28, 2024 |
| Needham | Needham | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jun 28, 2024 |
| Needham | Needham | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +61.29% | May 16, 2024 |
| Stifel | Stifel | Strong Buy Maintains $7 | Strong Buy | Maintains | $7 | +12.90% | May 15, 2024 |
Financial Forecast
Revenue This Year
1.56B
from 1.61B
Decreased by -3.11%
Revenue Next Year
1.73B
from 1.56B
Increased by 10.68%
EPS This Year
0.03
from -0.11
EPS Next Year
0.42
from 0.03
Increased by 1,135.70%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.6B | 1.8B | 1.9B |
| Avg | 1.6B | 1.7B | 1.9B |
| Low | 1.4B | 1.6B | 1.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.4% | 17.3% | 10.9% |
| Avg | -3.1% | 10.7% | 7.8% |
| Low | -10.8% | 2.6% | 3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.16 | 0.47 | 0.65 |
| Avg | 0.03 | 0.42 | 0.63 |
| Low | -0.07 | 0.35 | 0.61 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 1,303.7% | 56.5% |
| Avg | - | 1,135.7% | 52.0% |
| Low | - | 948.1% | 46.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.