RBC Capital analyst Matthew Hedberg raised the firm’s price target on Informatica (INFA) to $22 from $19 and keeps a Sector Perform rating on the shares. The firm cites Friday’s Bloomberg report of takeover interest by Salesforce (CRM) and notes that Informatica could be an attractive asset given key fundamental drivers, including the ongoing growth in data, the ongoing cloud mix-shift and potential GenAI tailwinds.
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Read More on INFA:
- Informatica moved to No Rating at BofA
- BofA sees several strategic positives if Salesforce acquired Informatica
- Salesforce buyout of Informatica would make sense, says Jefferies
- Informatica up 23% following resumption after Bloomberg takeover talks report
- Salesforce in talks again to acquire Informatica, Bloomberg reports