Scotiabank Maintains Sector Perform on Informatica, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Patrick Colville has maintained a 'Sector Perform' rating on Informatica (NYSE:INFA) and increased the price target from $21 to $27.
December 07, 2023 | 6:52 pm
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Scotiabank has maintained a 'Sector Perform' rating on Informatica and raised the price target from $21 to $27, indicating a positive outlook on the stock.
The increase in price target by Scotiabank suggests a bullish sentiment on Informatica's stock in the short term. As price targets can influence investor perception and stock price, this revision could lead to an uptick in INFA's stock price as the market adjusts to the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100