Piper Sandler raised the firm’s price target on Salesforce to $268 from $248 and keeps an Overweight rating on the shares. The company’s margin expansion continued to stand out during Q2 as the main attraction, the analyst tells investors in a research note. The “sheer size” of Salesforce’s cash flow potential that could approach $10B annually for an 85%-plus subscription gross margin model at $30B-plus scale appears underappreciated, says the firm.
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