Goldman Sachs: Salesforce (CRM.US) acquisition of Informatica (INFA.US) facilitates AI agency, reiterates Buy rating and $340 target price.
According to the financial news app 36Kr, Goldman Sachs recently released a research report commenting on Salesforce's announcement to acquire Informatica for $8 billion at $25 per share. The report stated that the acquisition is expected to be completed at the beginning of the 2027 fiscal year. It also mentioned that this acquisition will help Salesforce build a unified data architecture to support AI agents. Goldman Sachs reiterated its buy rating on Salesforce with a 12-month target price of $340, potential upside of 22.7%.
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