Goldman Sachs 'Incrementally Positive' Following Informatica (INFA) NDR

Goldman Sachs analyst Kash Rangan reiterated a Buy rating and $46.00 price target on Informatica (NYSE: INFA) following a virtual NDR with CEO Amit Walia and CFO Eric Brown on 2/18, saying they came away "incrementally positive."

The analyst commented, "Management provided color around their CY22 guide and discussed the ongoing business transition to a cloud data management company. The transformation will require investments before reaching an inflection point that can lead to potentially material revenue acceleration beyond 2022, in our view."

For an analyst ratings summary and ratings history on Informatica click here. For more ratings news on Informatica click here.

Shares of Informatica closed at $22.04 yesterday.

You May Also Be Interested In

• VICI Properties closes $1.75B senior unsecured notes offering
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy