Informatica Corp. Price Target Raised to $47.00 at Wedbush (INFA)
Wedbush boosted their price objective on shares of Informatica Corp. (NASDAQ:INFA) from $44.00 to $47.00 in a research note issued on Friday, Stock Ratings News reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price target would suggest a potential upside of 27.79% 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 price-to-earnings ratio of 51.80.
Informatica Corp. (NASDAQ:INFA) last released its earnings data on Thursday, October 24th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.27 earnings per share. Informatica Corp.’s revenue was up 23.7% compared to the same quarter last year. On average, analysts predict that Informatica Corp. will post $1.42 earnings per share for the current fiscal year.
A number of other firms have also recently commented on INFA. Analysts at Robert W. Baird raised their price target on shares of Informatica Corp. from $45.00 to $47.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at JMP Securities raised their price target on shares of Informatica Corp. from $44.00 to $52.00 in a research note to investors on Friday. They now have a “market outperform” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Informatica Corp. from $37.00 to $40.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.14.
In other Informatica Corp. news, CEO Sohaib Abbasi sold 21,700 shares of the stock on the open market in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $37.44, for a total value of $812,448.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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