Goldman Sachs Upgrades Informatica to Buy, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan upgraded Informatica (NYSE:INFA) from Neutral to Buy and increased the price target from $26 to $44.

February 16, 2024 | 11:02 am
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Goldman Sachs upgraded Informatica from Neutral to Buy and raised the price target from $26 to $44.
An upgrade from a reputable financial institution like Goldman Sachs typically leads to positive investor sentiment and can increase stock demand in the short term. The significant raise in the price target from $26 to $44 suggests a strong confidence in the company's future performance, potentially leading to a rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100