Morgan Stanley analyst Keith Weiss raised the firm’s price target on Salesforce to $240 from $236 and keeps an Overweight rating on the shares. Salesforce’s "pursuit of profitable growth gains significant momentum" after Q4 fundamentals that exceeded consensus and FY24 growth and operating margins guided "well ahead" of investor expectations, the analyst tells investors. The current share price does not reflect the firm’s forecasted greater than 20% compound annual EPS growth rate through FY26, the analyst added.
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