RBC reaffirms Outperform rating, $35 target for Informatica after Q2 earnings beat EPS estimates.
Royal Bank of Canada (RBC) reiterates Outperform rating, $35.00 target for Informatica (INFA). Informatica Q2 EPS of $0.23 surpassed consensus estimates by $0.01, while revenue of $400.63M slightly missed estimates of $402.97M. Informatica, an AI-powered data management platform, reported a 6.6% year-over-year revenue increase. RBC maintains an optimistic outlook on the company's prospects.
August 04, 2024
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