TD Cowen cuts target to EUR 60.67 for Infineon stock

Published on 10/19/2026 at 09:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 fiscal 2026 revenue was EUR 4.17 billion, up 9.44 percent from Q2. Infineon stock costs EUR 52.35 versus the EUR 52.39 Xetra close.

Target reset meets stronger margins

TD Cowen cut its Infineon target to EUR 60.67 on October 18, 2026.
Third-quarter fiscal 2026 revenue reached EUR 4.17 billion and segment margin was 19.10 percent.
Infineon stock was trading at EUR 52.35 at 9:45 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.08 percent below the Xetra close of October 16, 2026.
Infineon is scheduled to publish fiscal fourth-quarter and full-year 2026 results on November 10, 2026.

Pop-Art-Comic eines Mikrochips mit Blitzen und POWER-Schriftzug — Pop-Art-Comicillustration eines stilisierten Mikrochips mit gelben Blitzen und der Aufschrift POWER – dynamische Darstellung der Energieeffizienz und Leistungsfähigkeit moderner Halbleiter, für die Infineon Technologies AG (ISIN DE0006231004) bekannt ist, Illustration mit AI erstellt.

Infineon stock (ISIN DE0006231004) stood at EUR 52.35 at Lang & Schwarz on October 19, 2026, at 9:45 a.m. CEST, versus the EUR 52.39 Xetra close of October 16, 2026. GuruFocus reported on October 18, 2026, that TD Cowen cut its Infineon target from EUR 72.00 to EUR 60.67.

TD Cowen resets its target

The cut puts the new target 15.89 percent above the Lang & Schwarz price. It also leaves the stock below the target level despite a stronger operating picture in the latest reported quarter.

What does the target cut mean?

Infineon reported fiscal third-quarter 2026 revenue of EUR 4.17 billion, up 9.44 percent from EUR 3.81 billion in the second quarter. In the same period, segment result rose to EUR 797.00 million from EUR 653.00 million, lifting the segment result margin to 19.10 percent from 17.10 percent, according to 4investors on August 5, 2026.

Three dated operating signals

On August 5, 2026, the company reported EUR 4.17 billion of fiscal third-quarter revenue and a 19.10 percent segment result margin through 4investors. On October 1, 2026, Investing.com reported that Infineon described AI-related revenue of USD 1.60 billion this fiscal year, versus USD 700.00 million in the prior year. On October 18, 2026, TD Cowen cut its target from EUR 72.00 to EUR 60.67, as reported by GuruFocus.

The next reporting dates

4investors lists November 10, 2026, for Infineon's fiscal fourth-quarter and full-year 2026 results, followed by February 3, 2027, for fiscal first-quarter 2027 results.

Stock stays below the target

The immediate market question is whether the stronger quarterly margin trend can offset the lower analyst target. Infineon's market capitalization stood at EUR 68.4 billion on October 19, 2026, while its 52-week range was EUR 31.27 to EUR 88.83.

Infineon was trading at EUR 52.35 at Lang & Schwarz on October 19, 2026, at 9:45 a.m. CEST, down 0.08 percent versus the Xetra close of October 16, 2026 at EUR 52.39. The further course of trading is shown by the continuously updated real-time quote of Infineon stock.