Salesforce price target raised to $185 from $172 at BMO Capital

BMO Capital analyst Keith Bachman raised the firm’s price target on Salesforce to $185 from $172 and keeps an Outperform rating on the shares ahead of its earnings. The company’s continued margin performance can be a key catalyst to drive the stock higher as growth stabilizes in a high-single-digit range, the analyst tells investors in a research note. The firm also maintains that Salesforce’s scale provides brand, sales, and cost advantages versus other SaaS vendors.