BMO Capital lowered the firm’s price target on Salesforce (CRM) to $350 from $367 and keeps an Outperform rating on the shares ahead of its Q1 results. April-quarter channel feedback has been mostly in line to very modestly better vs. the management’s plan, the analyst tells investors in a research note. BMO added that it remains bullish on longer-term potential of Agentforce but also believes that investor patience will be required.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRM:
- Salesforce: Buy Rating Affirmed Amid Stable Performance and Promising Long-Term Potential
- Salesforce buyout of Informatica would make sense, says Jefferies
- Golden Dome Price Catalyst Adds Impetus for Palantir Technologies Stock (PLTR)
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories
- Salesforce’s Strategic Growth Potential Bolstered by Potential Informatica Acquisition