Informatica Corp. Price Target Increased to $48.00 by Analysts at Roth Capital (INFA)
Investment analysts at Roth Capital raised their price target on shares of Informatica Corp. (NASDAQ:INFA) from $44.00 to $48.00 in a note issued to investors on Sunday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Roth Capital’s price target would suggest a potential upside of 20.21% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna upgraded shares of Informatica Corp. (NASDAQ:INFA) from a “neutral” rating to a “positive” rating in a research note to investors on Friday. They now have a $48.00 price target on the stock, up previously from $37.00. Finally, analysts at FBN Securities raised their price target on shares of Informatica Corp. (NASDAQ:INFA) from $42.00 to $45.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock.
Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $40.28.
Shares of Informatica Corp. (NASDAQ:INFA) opened at 39.93 on Friday. Informatica Corp. has a 1-year low of $23.83 and a 1-year high of $41.49. The stock’s 50-day moving average is $37.73 and its 200-day moving average is $36.04. The company has a market cap of $4.322 billion and a price-to-earnings ratio of 53.96.
Informatica Corp. (NASDAQ:INFA) last released its earnings data on Thursday, July 25th. The company reported $0.31 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.31. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $220.68 million. During the same quarter last year, the company posted $0.29 earnings per share. Informatica Corp.’s revenue was up 16.8% compared to the same quarter last year. Analysts expect that Informatica Corp. will post $1.42 EPS for the current fiscal year.
In other Informatica Corp. news, CEO Sohaib Abbasi unloaded 21,700 shares of the company’s stock on the open market in a transaction dated Monday, September 9th. The stock was sold at an average price of $36.00, for a total transaction of $781,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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