DA Davidson keeps a Neutral rating and $200 price target on Salesforce, saying the company’s Q2 results have showcased strong execution. Operating margins met the management’s internal goal of over 30% three quarters early and strong demand for Salesforce’s cloud offerings translated to a revenue beat, the analyst tells investors in a research note. Salesforce revenue tailwinds include multi-cloud expansion, vendor consolidation, and AI integration, though growth continues to hover closer to historic lows of 10%-11%, the firm added.
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