Argus raised the firm’s price target on Salesforce to $290 from $275 and keeps a Buy rating on the shares. The world has changed for Salesforce amid increased macroeconomic uncertainty and weaker customer demand, but the company continues to promote its new rapid growth Data Cloud segment as the foundation for its AI-driven future and its generative AI tools, Einstein GPT Copilots, the analyst tells investors in a research note. Salesforce management is also delivering on boosting cost leverage and profitability in an uncertain operating environment, the firm adds.
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