Macquarie raised the firm’s price target on Salesforce to $280 from $250 and keeps an Outperform rating on the shares. The analyst says the company “fully embraced a balanced growth/margin philosophy” as it posted strong fiscal Q3 results with Rule of 42 execution and a “substantial” free cash flow beat. Salesforce is delivering on what the market wants: steady growth and margin expansion, the analyst tells investors in a research note.
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