Informatica price target raised to $26 from $23 at Goldman Sachs

Goldman Sachs analyst Kash Rangan raised the firm’s price target on Informatica to $26 from $23 and keeps a Neutral rating on the shares. The company’s inaugural investor day was highlighted by product announcements and a medium-term financial roadmap, giving the firm a “better understanding” of its opportunity and financial objectives, the analyst tells investors in a research note. Informatica announced over innovations, though investors are taking the most stock in CLAIRE Copilot, which aids in metadata classification / patterns and awareness of sensitive data, and ClaireGPT, which represents the company’s foray into a conversational natural language tool underpinned by GenAI, the firm added.