Informatica Reports Fourth Quarter and Full-Year 2023 Financial Results

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Go back to Informatica Reports Fourth Quarter and Full-Year 2023 Financial Results

Goldman Sachs Upgrades Informatica (INFA) to Buy

February 15, 2024 4:25 PM EST

Goldman Sachs analyst Kash Rangan upgraded Informatica (NYSE: INFA) from Neutral to Buy with a price target of $44.00 (from $26.00).

The analyst comments "We are upgrading Informatica to Buy (from Neutral) with a $44 Price Target (vs. $26 prior) following the companys strong F4Q results that included beats on all keys metrics vs. GSe, most notably Subscription ARR (+2%), Cloud ARR (+1%), and uFCF (+23%), while also... More