DA Davidson Adds Informatica (INFA) to STAMPEDE List of Special Situation Investment Ideas
DA Davidson analyst Gul Luria reiterated a Neutral rating and $18.00 price target on Informatica (NYSE: INFA).
The analyst comments "We are adding Informatica to D.A. Davidson's STAMPEDE list of special situation investment ideas, under the letter T for “Takeouts” given the recently announced news that the company has entered into an agreement for Salesforce (CRM) to acquire Informatica for $8B in equity value, net of Salesforce's current investment in Informatica. While we expect this acquisition to close, we remain hesitant to endorse the deal given our thoughts regarding Informatica's offerings and Salesforce's return to their acquisition playbook."
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Shares of Informatica closed at $22.55 yesterday.