Salesforce price target raised to $260 from $245 at Barclays

Barclays raised the firm’s price target on Salesforce to $260 from $245 and keeps an Overweight rating on the shares. The analyst believes investors will revisit the stock’s investment case post the Q2 report. The company’s revenue was better than feared and support the double digit growth cadence, its much better margin and cash flow will please long term investors, and investor sentiment has been “overly pessimistic,” the analyst tells investors in a research note.