Informatica Corp. PT Raised to $40.00 at Evercore Partners (INFA)
Stock analysts at Evercore Partners boosted their price target on shares of Informatica Corp. (NASDAQ:INFA) from $37.00 to $40.00 in a report issued on Friday, American Banking and Market News reports. The firm currently has an “equal weight” rating on the stock. Evercore Partners’ target price would suggest a potential upside of 8.75% from the stock’s previous close.
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 stock was sold at an average price of $37.44, for a total transaction of $812,448.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Informatica Corp. from $35.00 to $41.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.14.
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 announced its 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. Analysts expect that Informatica Corp. will post $1.42 EPS for the current fiscal year.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.