Goldman Sachs upgraded Informatica to Buy from Neutral with a price target of $44, up from $26, following the company’s “strong” Q4 results. Core to the firm’s thesis is appreciable upside to Cloud annual recurring revenue expectations that can deliver accelerating revenue and ARR above Street forecasts, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on INFA:
