Informatica Corp. PT Raised to $50.00 (INFA)
Equities researchers at Mizuho upped their target price on shares of Informatica Corp. (NASDAQ:INFA) from $45.00 to $50.00 in a research report issued on Thursday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Mizuho’s price objective would indicate a potential upside of 15.98% from the stock’s previous close.
A number of other analysts have also recently weighed in on INFA. Analysts at Wedbush raised their price target on shares of Informatica Corp. from $44.00 to $47.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Separately, 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, October 25th. They now have an “outperform” rating on the stock. Finally, 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, October 25th. They now have a “market outperform” rating on the stock. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $44.16.
In other Informatica Corp. news, CEO Sohaib Abbasi unloaded 59,962 shares of the stock on the open market in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $42.63, for a total transaction of $2,556,180.06. Following the completion of the sale, the chief executive officer now directly owns 316,803 shares of the company’s stock, valued at approximately $13,505,312. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Informatica Corp. (NASDAQ:INFA) traded up 0.51% during mid-day trading on Thursday, hitting $43.11. 849,515 shares of the company’s stock traded hands. Informatica Corp. has a 1-year low of $30.27 and a 1-year high of $43.47. The stock has a 50-day moving average of $40.46 and a 200-day moving average of $38.70. The company has a market cap of $4.678 billion and a P/E ratio of 61.18.
Informatica Corp. (NASDAQ:INFA) last issued its quarterly 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. Analysts expect that Informatica Corp. will post $1.43 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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