We recently published a list of 10 AI Stocks Gaining Wall Street’s Attention. In this article, we are going to take a look at where Informatica Inc. (NYSE:INFA)stands against other AI stocks gaining Wall Street’s attention.
On May 27, DA Davidson analyst Gul Luria reiterated a Neutral rating on Informatica Inc. (NYSE:INFA) with an $18.00 price target. Informatica is a leader in enterprise AI-powered cloud data management.
The firm has added Informatica to its STAMPEDE list, which identifies special situation investment ideas. The addition to the STAMEDE list is driven by Salesforce’s recent announcement that it intends to acquire Informatica for an equity value of $8 billion.
“We are adding Informatica to D.A. Davidson’s STAMPEDE list of special situation investment ideas, under the letter T for “Takeouts” given the recently announced news that the company has entered into an agreement for Salesforce (CRM) to acquire Informatica for $8B in equity value, net of Salesforce’s current investment in Informatica. While we expect this acquisition to close, we remain hesitant to endorse the deal given our thoughts regarding Informatica’s offerings and Salesforce’s return to their acquisition playbook.”
A business executive in a modern office looking over reports detailing artificial intelligence.
The agreement between the two companies marks a significant step forward for both companies. In particular, the addition of Informatica to the STAMPEDE list implies that it is uniquely positioned and is worthy of interest for investors looking for special situation opportunities. The firm remains neutral despite the acquisition news, implying that stock valuation remains consistent with previous analysis.
Overall, INFA ranks 10th on our list of AI stocks gaining Wall Street’s attention. While we acknowledge the potential of INFA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INFA and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
