Salesforce price target raised to $230 from $200 at JPMorgan

JPMorgan raised the firm’s price target on Salesforce to $230 from $200 and keeps an Overweight rating on the shares. The company reported better than expected Q4 results along with a guide-above on its fiscal 2024 margin outlook against "relatively beaten-down investor expectations heading into the quarter," the analyst tells investors in a research note. The firm views management’s focus toward a "much more aggressive profitability glidepath over the long-term highly favorably."