Salesforce price target raised to $250 from $210 at Truist

Truist raised the firm’s price target on Salesforce to $250 from $210 and keeps a Buy rating on the shares. The analyst cites the company’s improved profitability in Q4 while also noting its management’s "constructive" outlook as Salesforce has "blown through" its long-term margin targets two years early. Truist added that its was "pleasantly surprised" by the company’s better than expected revenue, cRPO, and relative strength across a number of areas including MuleSoft & Tableau outperforming, majority of vertical solutions growing ARR at over 50%, and EMEA and APAC strength.