Truist raised the firm’s price target on Salesforce to $360 from $275 and keeps a Buy rating on the shares. The company posted a solid set of Q4 results, beating estimates across top and bottom line as well as cRPO, the analyst tells investors in a research note. The firm’s price target increase reflects higher profit and cash flow estimates, along with incrementally attractive capital allocation story with AI call optionality, Truist added.
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