Canaccord raised the firm’s price target on Salesforce to $265 from $250 and keeps a Buy rating on the shares. The firm said Q2 was highlighted by steady, low-double digit revenue growth and strong margin outperformance as the firm topped its 30%+ operating margin target three quarters early.
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 today’s best-performing 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