Informatica Corp. PT Raised to $45.00 at Mizuho (INFA)
Mizuho raised their price target on shares of Informatica Corp. (NASDAQ:INFA) from $42.00 to $45.00 in a research note issued on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Mizuho’s target price indicates a potential upside of 22.35% from the company’s current price.
A number of other analysts have also recently weighed in on INFA. Analysts at Barclays downgraded shares of Informatica Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, October 7th. They now have a $44.00 price target on the stock, down previously from $45.00. Separately, analysts at Robert W. Baird raised their price target on shares of Informatica Corp. from $40.00 to $45.00 in a research note to investors on Friday, September 27th. They now have an “outperform” rating on the stock. Finally, analysts at Roth Capital raised their price target on shares of Informatica Corp. from $44.00 to $48.00 in a research note to investors on Sunday, September 22nd. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently 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 the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $37.44, for a total value of $812,448.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Informatica Corp. (NASDAQ:INFA) traded down 4.04% during mid-day trading on Friday, hitting $36.78. 5,920,847 shares of the company’s stock traded hands. Informatica Corp. has a one year low of $23.83 and a one year high of $39.87. The stock has a 50-day moving average of $37.58 and a 200-day moving average of $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.
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