UPDATE: Wedbush Upgrades Informatica on Project Activity
In a report published on Wednesday, Wedbush analyst Steve Koenig upgraded Informatica (NASDAQ: INFA) from Neutral to Outperform and raised the price target on the company from $36 to $42.
In the report, Wedbush stated, "We think investors looking for GARP opportunities with excellent 12-month upside potential should begin accumulating INFA shares. Our analysis of Q/Q trends and the positive tone of our checks support our estimate for double-digit Y/Y growth in licenses and total revenue going forward."
Informatica closed on Wednesday at $34.50.
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