Salesforce price target raised to $200 from $140 at Atlantic Equities

Atlantic Equities analyst Peter Sazel raised the firm’s price target on Salesforce to $200 from $140 and keeps a Neutral rating on the shares. The company delivered stronger than expected Q4 results and fiscal 2024 guidance, the analyst tells investors in a research note. However, the firm is surprised by management’s inability to guide revenues "with precision" this year.