Macquarie raised the firm’s price target on Salesforce to $330 from $300 and keeps an Outperform rating on the shares. The company “delivered again” in the final quarter of fiscal 2024 and announced a quarterly dividend, redoubling its commitment to shareholder-friendly growth, the analyst tells investors in a research note. The firm says Salesforce’s sales guide assumes the currently measured buying environment will remain as such throughout fiscal 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CRM:
- CRM Earnings: Salesforce Posts Upbeat Q4, Initiates Dividend
- JPMorgan software analyst holds an analyst/industry conference call
- Salesforce price target raised to $300 from $290 at Wells Fargo
- Salesforce price target raised to $325 from $265 at Citi
- Salesforce price target raised to $350 from $325 at Jefferies
