Informatica Corp. Price Target Raised to $41.00 at Credit Suisse (INFA)
Stock analysts at Credit Suisse hoisted their price objective on shares of Informatica Corp. (NASDAQ:INFA) from $35.00 to $41.00 in a report issued on Friday, American Banking & Market News reports. Credit Suisse’s target price points to a potential upside of 11.47% from the stock’s previous close.
Informatica Corp. (NASDAQ:INFA) opened at 36.78 on Friday. Informatica Corp. has a 52 week low of $23.83 and a 52 week high of $39.87. The stock’s 50-day moving average is $37.58 and its 200-day moving average is $35.89. The company has a market cap of $3.981 billion and a P/E ratio of 51.80.
Informatica Corp. (NASDAQ:INFA) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $235.40 million for the quarter, compared to the consensus estimate of $225.40 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts predict that Informatica Corp. will post $1.42 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on INFA. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Informatica Corp. in a research note to investors on Friday. They now have a $46.00 price target on the stock, down previously from $50.00. Separately, analysts at Jefferies Group raised their price target on shares of Informatica Corp. from $36.00 to $40.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Informatica Corp. from $39.00 to $45.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Informatica Corp. presently has an average rating of “Buy” and an average price target of $43.14.
In other Informatica Corp. news, CEO Sohaib Abbasi unloaded 21,700 shares of Informatica Corp. stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $37.44, for a total transaction of $812,448.00. The sale was disclosed in a legal filing with the SEC, 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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