Yahoo Finance

DA Davidson keeps an Underperform rating and $200 price target on Salesforce (CRM) after the company reached an agreement to acquire Informatica (INFA) for $8B. This marks Salesforce’s first headline M&A deal since the company acquired Slack in 2021 for $28B, and while the firm sees potential benefits from the addition of Informatica’s data management capabilities, it is also “hesitant to endorse the deal” given Informatica’s suboptimal execution track record and legacy technology offerings, the analyst tells investors in a research note.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on CRM:

Disclaimer & DisclosureReport an Issue

• Options Volatility and Implied Earnings Moves Today, May 28, 2025

• Salesforce price target lowered to $350 from $400 at Canaccord

• Telus Digital acquires Gerent, terms not disclosed

• ‘Time to Judge Salesforce’s (NYSE:CRM) $8B Bet,’ Wall Street Analysts Weigh In

• Informatica price target raised to $25 from $19 at Wells Fargo