Wedbush analyst Daniel Ives raised the firm’s price target on Salesforce to $280 from $255 and keeps an Outperform rating on the shares. In a critical quarter for the macro with many mixed performances across the tech earnings landscape, Salesforce delivered a strong quarter featuring top- and bottom-line beats, while raising guidance across the board as the company continues to see uplift from multi-cloud transformational deal momentum and its overall subscription business further proving strength in the Beltway, putting the bears back in the cave for the remainder of the year, the firm says.
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