Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Informatica (INFA – Research Report) and Model N (MODN – Research Report).
Informatica (INFA)
RBC Capital analyst Matthew Hedberg maintained a Buy rating on Informatica yesterday and set a price target of $41.00. The company’s shares closed last Monday at $31.49.
According to TipRanks.com, Hedberg is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Informatica with a $38.54 average price target, implying a 15.9% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $40.00 price target.
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Model N (MODN)
In a report released yesterday, Rishi Jaluria from RBC Capital maintained a Hold rating on Model N, with a price target of $30.00. The company’s shares closed last Monday at $29.56.
According to TipRanks.com, Jaluria is a 4-star analyst with an average return of
Currently, the analyst consensus on Model N is a Hold with an average price target of $28.50, which is a -3.9% downside from current levels. In a report issued on April 8, Robert W. Baird also downgraded the stock to Hold with a $30.00 price target.
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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
