TD Cowen raised the firm’s price target on Salesforce to $230 from $210 and keeps a Market Perform rating on the shares. The firm noted the company delivered another impressive margin quarter, showing it has been able to take out cost layers without material disruption. This execution on operating margins has driven strong returns, but they see a need for better top line to drive valuations from here.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CRM:
- Salesforce (NASDAQ:CRM) Receives Analyst Praise after Earnings Win
- Microsoft (NASDAQ: MSFT) Untangles Teams and Office Amid Antitrust Probe
- Salesforce price target raised to $255 from $250 at Mizuho
- Salesforce price target raised to $280 from $250 at BofA
- Salesforce price target raised to $275 from $250 at Wells Fargo