DA Davidson Initiates Coverage On Informatica with Neutral Rating, Announces Price Target of $25
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gil Luria has initiated coverage on Informatica (NYSE:INFA) with a Neutral rating and set a price target of $25 for the company's stock.
November 14, 2023 | 9:33 am
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NEUTRAL IMPACT
Informatica receives a Neutral rating from DA Davidson with a price target of $25, potentially influencing investor sentiment and stock performance.
The initiation of coverage by DA Davidson with a Neutral rating and a price target of $25 is a new analytical perspective on Informatica's stock. While a Neutral rating does not suggest a significant change in stock price, the establishment of a price target provides a benchmark for investors. This could lead to a moderate influence on the stock's performance as investors digest this new information and compare it to their expectations and other analysts' opinions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100