Salesforce price target raised to $220 from $210 at Northland

Northland analyst Nehal Chokshi raised the firm’s price target on Salesforce to $220 from $210 and keeps a Market Perform rating on the shares following the company’s 10% EPS beat and guidance raise. Though the firm says the “story around material revenue growth acceleration is percolating,” it has reservations given its view of Salesforce as “still largely a System of Engagement player,” the analyst tells investors.