Informatica price target raised to $35 from $31 at Guggenheim

Guggenheim raised the firm’s price target on Informatica to $35 from $31 and keeps a Buy rating on the shares after the company exceeded the high end of all Q4 guidance metrics. Following the report, the firm believes its prior cautiousness was “perhaps unwarranted, as it appears Informatica has more levers for growth than we may be giving it credit for,” the analyst tells investors.