JP Morgan Maintains Overweight on Informatica, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora maintains an Overweight rating on Informatica (NYSE:INFA) but lowers the price target from $38 to $34.
October 25, 2024 | 3:51 pm
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JP Morgan has maintained its Overweight rating on Informatica but has reduced the price target from $38 to $34, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in Informatica's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100