Wells Fargo analyst Andrew Nowinski raised the firm’s price target on Informatica (INFA) to $25 from $19 and keeps an Equal Weight rating on the shares after Salesforce (CRM) announced the acquisition of the company for $25/share or roughly 4.6-times EV/2026 Sales. The firm would not expect a pushback on this offer.
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Read More on INFA:
- Informatica downgraded to Peer Perform from Outperform at Wolfe Research
- Salesforce’s Acquisition of Informatica: Downgrade to Hold Amid Limited Immediate Gains and Legacy Challenges
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