Informatica price target lowered to $18 from $27 at Scotiabank

Scotiabank lowered the firm’s price target on Informatica (INFA) to $18 from $27 and keeps a Sector Perform rating on the shares. The firm reiterated its rating on the stock following a “tough quarter,” in which top and bottom line key performance indicators were underwhelming and the initial 2025 outlook was below expectations, the analyst tells investors. While the company is a pioneering software company, the firm sees the stock as a “show me story” for the next few quarters.