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In a report published Wednesday, Mizuho Securities USA analyst Abhey Lamba reiterated a Buy rating and $50.00 price target on
InformaticaINFA.
In the report, Mizuho Securities USA noted, “INFA will report results on April 24. We expect results to be slightly ahead of the upper end of guidance and consensus. Our checks indicated that the spending environment remained strong and we expect benefit from continued execution improvements. For guidance, we expect management to tighten and slightly raise the upper end of its full year outlook.
"For 2Q14, we expect guidance to be relatively in-line with consensus. INFA should continue to benefit from improving execution while its non-ETL solutions have room to grow. We are reiterating our Buy rating and $50 PT.”
Informatica closed on Tuesday at $36.63.
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