Salesforce elevated to ‘Best-of-Breed Bison’ at DA Davidson

DA Davidson elevated Salesforce to the firm’s ‘Best-of-Breed Bison’ list while maintaining a Neutral rating and $300 price target on the stock. The company has a wide moat as a result of its significant scale and deep relationships with over 150K companies globally, and its business is well positioned to maintain market share in a growing market, though at current price levels, investors are accurately pricing in modest revenue growth reacceleration in FY26 and incremental margin expansion, the analyst tells investors in a research note.