Truist reiterated a Buy rating and $250 price target on Salesforce after the company said it would raise list prices for Sales Cloud, Service Cloud, Marketing Cloud, Industries, and Tableau by an average of 9%. The firm said it is worth noting the changes represent the company’s first list price hikes in seven years, adding that it is not adjusting estimates based on this development. Truist added, though, that it would seem to represent at least a modestly positive development in relation to revenue and other KPIs.
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