TD Cowen lowered the firm’s price target on Salesforce (CRM) to $335 from $375 and keeps a Buy rating on the shares. The firm noted they report 2Q results on September 3rd. Cowen’s enterprise checks down-ticked, which feels weighed down by a weak book of renewal business. But the firm’s commercial checks up-ticked and it seems renewed investments down-market are bearing fruit. Data Cloud strength remains a highlight, while Agentforce commits are still measured.
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