BofA analyst Koji Ikeda raised the firm’s price target on Informatica to $33 from $30 and keeps a Buy rating on the shares. The firm is applying a higher multiple to its estimates after attending the company’s investor day as it came away “more confident in its potential to disrupt the AI and data management opportunity,” the analyst tells investors.
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Read More on INFA:
- Informatica initiated with a Neutral at DA Davidson
- Informatica reports Q3 adjusted EPS 27c, consensus 23c
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