Informatica downgraded to Neutral from Buy at BofA

BofA analyst Koji Ikeda downgraded Informatica (INFA) to Neutral from Buy with a price target of $20, down from $35, following “challenging” Q4 results and “soft” 2025 guidance. While the firm believes Informatica offers a proven enterprise class solution that is likely to benefit from AI over the long-term, execution issues around renewals, revenue sensitivity, pushing professional services to partners, and foreign exchange is driving the 2025 total revenue outlook 5% below the Street. The firm is “most concerned on the execution challenges,” the analyst tells investors.