03:28 AM EDT, 04/23/2026 (MT Newswires) -- Mwb Research raised its price target for Infineon Technologies (IFX.F), noting the momentum of the German semiconductor company's artificial intelligence-related power business is "stronger than previously assumed."

"Infineon's AI power business is emerging as a structurally stronger and more durable growth driver than previously assumed, with demand continuing to outstrip supply and positioning the company to benefit from capacity-driven revenue upside, supportive pricing, and a likely beat to FY26 AI guidance. Beyond volume growth, the quality of earnings is improving as higher power intensity and a shift toward more advanced architectures materially increase content per system and support a more resilient margin profile. While non-AI end-markets are stabilizing and provide additional upside optionality, we believe the recent share price re-rating already reflects much of the AI opportunity. We therefore raise our price target to [EUR48 from EUR40] but maintain a HOLD rating, as the current valuation implies a balanced risk-reward unless further upside emerges from incremental AI monetization or a stronger-than-expected recovery in non-AI end-markets,"analysts said Wednesday.

Consequently, the research firm expects a fiscal 2026 outlook beat, with AI revenue tracking ahead of the 1.5 billion-euro target, and the goal of 2.5 billion euros for fiscal 2027 "appears achievable with upside potential."Looking to 2030, mwb sees Infineon securing a 30% to 40% share of the AI power market, "broadly in line with its historic leadership in data center power."

Ahead of the company's fiscal second-quarter earnings on May 6, 2026, the research firm lifted its sales, EBIT and EPS projections for 2026 to 2028, while "modestly"lowering its risk premium to reflect potential upward earnings revisions fueled by ongoing AI demand.