Informatica (INFA) PT Lowered to $25 at DA Davidson

DA Davidson analyst Gul Luria lowered the price target on Informatica (NYSE: INFA) to $25.00 (from $30.00) while maintaining a Neutral rating.

The analyst comments "We maintain our NEUTRAL rating and lower our price target to $25 on Informatica after the company reported moderate 2Q24 results, underscored by a miss on top-line expectations while beating on the bottom-line. Informatica still remains well positioned to benefit from continued migrations to the cloud, particularly as customers look to experiment with new AI features, with CLAIRE GPT now generally available to IDMC customers."

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