Canaccord lowered the firm’s price target on Salesforce (CRM) to $400 from $415 and keeps a Buy rating on the shares. The firm said they posted strong FQ4 results, but a below consensus initial growth guide for F2026 will likely spark debate whether it’s simply a function of conservatism or perhaps a sign that momentum may not be as healthy as it seems. Canaccord believes it is the former.
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