Loading...
Loading...
In a report published Friday, Jefferies reiterated its Hold rating on Informatica Corporation
INFA, and raised its price target from $29.00 to $35.00.
Jefferies noted, “INFA produced solid 4Q upside and provided a similar conservative approach to the outlook with the return to full sales productivity still to be several periods away. Sales-related reinvestment will remain at somewhat elevated levels resulting in a flattish CY13 initial margin target, but management is pleased with existing sales capacity which, combined with the 4Q upside and guidance, will provide relief for the stock.”
Informatica Corporation closed on Thursday at $33.24.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in