Jefferies analyst Brent Thill keeps a Buy rating on Salesforce (CRM) with a $375 price target after Bloomberg reported the company is in talks to acquire Informatica (INFA). A 10% premium to Friday’s close implies a deal at 5.1-times forward revenue versus 7.4-times when chatter last circulated in April 2024, the analyst tells investors in a research note. The firm says that since then, growth has decelerated at Informatica and Salesforce is facing growing pressure to increase adoption of Agentforce, which Informatica could help with. As such, Jefferies believes a deal would make sense. It believes the deal price is more attractive now than last year.
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