Piper Sandler analyst Brent Bracelin raised the firm’s price target on Salesforce to $230 from $171 and keeps an Overweight rating on the shares. Triple-digit EPS growth to $1.68 during Q4 on a 29% operating margin is suggestive of the material profit unlock potential that lies ahead for a $30B+ subscription revenue model with high gross margins of 78%+, the analyst tells investors in a research note.
Published first on TheFly
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