In a report released yesterday, Andrew Nowinski from Wells Fargo maintained a Buy rating on Informatica (INFA – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $31.49.
According to TipRanks, Nowinski is a 5-star analyst with an average return of 16.0% and a 53.16% success rate. Nowinski covers the Technology sector, focusing on stocks such as Palo Alto Networks, Check Point, and CyberArk Software.
Informatica has an analyst consensus of Moderate Buy, with a price target consensus of $38.54, a 22.39% upside from current levels. In a report released on April 14, RBC Capital also maintained a Buy rating on the stock with a $41.00 price target.
The company has a one-year high of $39.80 and a one-year low of $13.29. Currently, Informatica has an average volume of 1.88M.
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Informatica (INFA) Company Description:
Informatica Inc is a pioneered a new category of software, the Intelligent Data Management Cloud, or IDMC. IDMC is a AI-powered platform that connects, manages, and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance data strategies.
Read More on INFA:
- Informatica Plunges: Acquisition Rumors Fade, But Strong FY24 Forecasts Remain
- Informatica Executive Resigns Amidst Takeover Speculation
- M&A News: Salesforce-Informatica Deal Crumbles
- Salesforce’s talks to buy Informatica fizzle, WSJ reports
- Salesforce price target raised to $360 from $350 at Jefferies
