Informatica price target lowered to $20 from $25 at DA Davidson

DA Davidson lowered the firm’s price target on Informatica (INFA) to $20 from $25 and keeps a Neutral rating on the shares. The company’s disappointing Q4 earnings were underscored by declining subscription revenue growth, along with weaker than expected top-line guidance, while the management noted that this past quarter did not unfold as they had anticipated, the analyst tells investors in a research note. DA Davidson adds however that Informatica saw a notable reacceleration of cloud migration deals, which they view as a net positive long-term.