RBC Capital raised the firm’s price target on Salesforce to $285 from $240 and keeps an Outperform rating on the shares. The company reported better-than-expected Q3 earnings with cRPO upside that was above-average and Q4 cRPO growth guidance at a “solid” 11%, the analyst tells investors in a research note. Macro headwinds persisted, but the management highlighted green shoots with large multi-cloud deals, strength in MuleSoft, and early success with new bundles and Data Cloud/EinsteinGPT, the firm adds.
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