BofA says Bloomberg is “once again speculating” that Salesforce (CRM) is in talks to acquire Informatica (INFA) and sees “several strategic positives” to such a potential acquisition. The combination could accelerate the velocity of data loaded into Salesforce Data Cloud, which is the underpinning of Salesforce’s AI offering, Agentforce, the analyst tells investors. Salesforce’s Mulesoft integration offering is a leading provider for cloud based applications, but Informatica could complement this with a large pipe on the premise data set, says the analyst. While this “would not be a small acquisition for Salesforce, we think a potential deal is certainly digestible,” adds the analyst, who reiterates a Buy rating and $360 price target on “top pick” Salesforce.
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