Canaccord viewed the Salesforce TrailblazerDX 2024, the firm’s dedicated event for admins, developers, and architects. The firm has already questioned whether investment in this AI super-cycle will be enough to drive a reacceleration in Salesforce’s growth but with the company’s continued focus on efficiency and returning the mjority of its cah generation to investors through buybacks and a dividend, they think this is a stock that large cap investors should continue to own, as they see potential for a modest re-rating higher. Canaccord maintains its Buy rating and $350 price target on Salesforce shares.
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