JPMorgan Downgrades Informatica (INFA) to Neutral

JPMorgan analyst Pinjalim Bora downgraded Informatica (NYSE: INFA) from Overweight to Neutral with a price target of $25.00 (from $24.00).

The analyst comments "Yesterday, Informatica reported that it entered into a definitive agreement to be acquired by Salesforce for an equity value of $8B, net of Salesforce’s current investment in Informatica, or for $25 per share. The transaction will be funded through a combination of cash on Salesforce’s balance sheet and new debt. The transaction has been approved by the boards of directors of both Salesforce and Informatica and is expected to close in Salesforce’s early fiscal year 2027 (early calendar year 2026). Informatica has net debt of $553M, implying an EV/FTM revenue multiple of 5x and an EV/FTM uFCF multiple of ~14x (JPMe). As such, we are establishing a $25 price target based on the transaction price of the deal and downgrading shares to Neutral. It’s worth noting that the transaction includes a termination fee clause, requiring Salesforce or Informatica to pay a fee if the deal is terminated."

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 $23.92 yesterday.

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