Piper Sandler lowered the firm’s price target on Salesforce (CRM) to $400 from $405 and keeps an Overweight rating on the shares. The firm sees the revenue growth reset to 7.4% this year and 6.6% topline outlook for Q1 as a clearing event. This tepid outlook creates a favorable set-up for the new COO/CFO, in Piper’s view, with multiple upside levers to this prudent scenario. including broader direct AI monetization via Data Cloud and/or Agentforce, broader indirect AI monetization via rising multi-cloud attach-rates, continued stabilization within create/close, and easing of FX headwinds.
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’s Strong Market Position and Growth Potential Justify Buy Rating
- Salesforce price target lowered to $400 from $440 at BofA
- Salesforce price target lowered to $310 from $345 at Wells Fargo
- Salesforce price target lowered to $400 from $415 at Canaccord
- TipRanks’ All-Star Analyst – Who Is the Best on Salesforce (CRM) Stock?