Infosys has raised its revenue growth forecast for the fiscal year 2025, citing strong demand from North America. The company reported quarterly earnings of $4.94 billion, reflecting a year-over-year increase of 5.92%, exceeding analysts' expectations by $59 million. Earnings per share (EPS) stood at $0.19, a 5.56% increase year-over-year, aligning with estimates. Following these results, several analysts have upgraded their ratings on Infosys. Bank of America and Morgan Stanley both maintained a 'Buy' rating with a target price of ₹2,150, while Nomura also raised its target price after the company's third consecutive revenue guidance increase. Despite the positive outlook, analysts noted that the guidance implies a softer fourth quarter, suggesting cautious optimism about the recovery in technology demand.