Wells Fargo downgraded Informatica (INFA) to Equal Weight from Overweight with a price target of $19, down from $34. The stock traded down 32% after the company missed Q4 guidance and guided fiscal 2025 well below consensus, the analyst tells investors in a research note. The firm says that While the selling pressure “seems excessive for a modest miss, there were many issues, all of which will take time to fix.” Informatica missed Q4 guidance due to “myriad issues, some of which are related to execution and should be fixable,” contends Wells.
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Read More on INFA:
- Informatica’s Challenging Outlook Leads to Hold Rating Amidst Weaker Q4 Results and Cloud Growth Concerns
- Informatica downgraded to Equal Weight from Overweight at Wells Fargo
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- Informatica downgraded to Sector Perform from Outperform at RBC Capital
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