DA Davidson analyst Gil Luria raised the firm’s price target on Salesforce (CRM) to $225 from $200 but keeps an Underperform rating on the shares. The company reported better than feared results, but the FY26 outlook adjusting for FX and the F1Q beat was lowered vs. the initial guide as growth in the core cloud segments continues to decelerate, partially offset by data cloud and AI tailwinds, the analyst tells investors in a research note. Salesforce cRPO – current remaining performance obligations growth was also 1 point better than expected, but the Q2 guide came in slightly lighter than expected with the outlook implying single digit constant-currency growth for the first time in company history, the firm added.
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