Informatica initiated with a Buy at Truist

Truist initiated coverage of Informatica (INFA) with a Buy rating and $34 price target Informatica is a core enabler for enterprise data management, helping their customers to mitigate the data silos that have developed over the years and still exist in the cloud, and it stands to uniquely benefit as the majority of enterprises will look for solutions compatible with their existing data stacks rather than fully re-platforming, the analyst tells investors in a research note. Truist thinks the company can capitalize on this sense of urgency in their customer base and drive faster adoption of cloud and overall growth than the Street currently expects.