Salesforce price target raised to $300 from $290 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the firm’s price target on Salesforce to $300 from $290 and keeps an Equal Weight rating on the shares. Following up on the firm’s Q4 preview, Wells hosted a call with a key Salesforce partner ahead of the Q4 report on February 28. Among the key takeaways are the fact demand environment seems to have stabilized, and Data Cloud + GenAI remaining key drivers of potential outperformance in FY25.