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Goldman Sachs Upgrades Informatica: $44 Target Outlook

Goldman Sachs upgrades Informatica stock to Buy, raises price target. Informatica's impressive Q4 results and growth potential make it an attractive investment opportunity in the data management sector.

by Mark Eisenberg
Fri, Feb 16, 2024 5:09am
in Business
• 2 mins read
14.1k
Goldman Sachs Upgrades Informatica:  Target Outlook | FinOracle

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Goldman Sachs Upgrades Informatica Stock to Buy, Raises Price Target

On Thursday, investment bank Goldman Sachs made a significant adjustment to its stance on Informatica shares, upgrading the stock from Neutral to Buy. The firm also increased the price target to $44.00, rising sharply from the previous $26.00. This move by Goldman Sachs comes after Informatica reported impressive fourth-quarter results that surpassed all expectations.

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