UPDATE: Oppenheimer Color on Informatica PT Increase

Oppenheimer, which raised its PT on shares of Informatica Corporation INFA, is providing some color on the stock. “We recently hosted management meetings with INFA and left more confident that near-term demand for its broadening offering remains robust, its new investments are starting to pay dividends (expanding sales capacity) and INFA is still in the early innings of a large (>$5B) and attractive market,” Oppenheimer writes. “Additionally, we believe its more strategic and integral role to enterprises will enable it to sustain double-digit license growth (20%+) for the foreseeable future. “Although we expect management to continue to heavily invest in its business (given its large market opportunities), we still anticipate earnings will grow double-digits and outpace revenue growth.” Informatica closed Wednesday at $58.30.