Northland analyst Nehal Chokshi raised the firm’s price target on Salesforce to $181 from $150 and keeps a Market Perform rating on the shares. The company’s FY24 bottom-line guidance was "materially better-than-expected," but the firm remains on sidelines given its view that Salesforce is positioning as a "system-of-engagement vendor, rather than a next-gen system of intelligence player."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CRM:
- Salesforce price target raised to $220 from $200 at Wedbush
- Evercore says Salesforce can be ‘one of best’ cash flow stories in software
- Salesforce price target raised to $215 from $180 at Canaccord
- Salesforce upgraded to Buy at Needham on increasing margin leverage
- Salesforce price target raised to $190 from $170 at TD Cowen
