The company pegged the global AI services opportunity at $300-400 billion by 2030, with new AI services already contributing 5.5% of revenue in Q3FY26.
Brokerage firm HSBC has a ‘Buy’ rating with a target price of ₹1,870, citing Infosys’ long-standing client relationships, enterprise context, and accountability as key strengths in becoming a preferred AI partner.The brokerage believes wallet share gains from AI-led services can offset deflationary pressure in traditional offerings.
CLSA, which has an ‘Outperform’ rating with a price target of ₹1,779, said Infosys addressed concerns around AI-led disruption and highlighted its core strengths to drive market share gains in the new tech cycle.
It expects volume growth from AI to outweigh potential cannibalisation.JPMorgan, which has an ‘Overweight’ rating with a price target of ₹2,050, said AI is driving an enterprise shift toward “build over buy,” which is services-accretive.
The brokerage also cited significant opportunities in legacy tech debt modernisation.
Morgan Stanley (Equalweight, TP ₹1,760) noted that management dismissed concerns around structural risks to IT services and showcased client case studies to demonstrate readiness for the AI transition.
Jefferies, which has a ‘Buy’ rating with a price target of ₹1,880, said that IT services will remain central to enterprise AI implementation, led by Infosys’ AI platform and ecosystem partnerships.
Nuvama, which has a ‘Buy’ rating and a price target of ₹1,900, believes recent correction in IT stocks is overdone and sees AI-led legacy modernisation and enterprise adoption as meaningful growth drivers.
Currently, 38 out of 52 analysts tracking Infosys have a ‘Buy’ rating, 12 recommend ‘Hold’, and two have a ‘Sell’ call.
Infosys shares ended 1.88% higher at ₹1,391.30 on Tuesday but are still down 15% so far in 2026.
