Goldman Sachs Maintains Buy on Informatica, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan maintains a Buy rating on Informatica (NYSE:INFA) but lowers the price target from $44 to $38.

July 31, 2024 | 3:08 pm
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Goldman Sachs analyst Kash Rangan maintains a Buy rating on Informatica but lowers the price target from $44 to $38.
The Buy rating suggests continued confidence in Informatica's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100