Wells Fargo analyst Andrew Nowinski raised the firm’s price target on Informatica (INFA) to $25 from $19 and keeps an Equal Weight rating on the shares after Salesforce (CRM) announced the acquisition of the company for $25/share or roughly 4.6-times EV/2026 Sales. The firm would not expect a pushback on this offer.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INFA:
- Informatica downgraded to Peer Perform from Outperform at Wolfe Research
- Salesforce’s Acquisition of Informatica: Downgrade to Hold Amid Limited Immediate Gains and Legacy Challenges
- Informatica downgraded to Hold from Buy at Truist
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories
- U.S. extends EU tariff deadline, Salesforce to acquire Informatica: Morning Buzz