Truist raised the firm’s price target on Salesforce (CRM) to $400 from $380 and keeps a Buy rating on the shares. The company’s Q3 results reflected upside across key metrics, though more importantly, disclosures and earnings call commentary on Agentforce, Data Cloud, Industry Solutions, etc. were especially positive, the analyst tells investors in a research note. Truist adds it is “incrementally constructive” on Salesforce shares as newer innovations, particularly around data and AI, begin to take hold.
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