Wolfe Research analyst Alex Zukin upgraded Salesforce to Outperform from Peer Perform with a $315 price target. The firm, whose core thesis is that growth has bottomed and should stay double digits and that the “commitment to margin leverage is real,” thinks 2024 is “the year to own this value growth stock.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CRM:
- Salesforce Stock (NYSE:CRM): Growth Will Accelerate. Should You Buy?
- Salesforce Stock (NYSE:CRM): The 85% YTD Rally Has No Brakes
- Salesforce’s (NYSE:CRM) Solid Q3 Earnings Point to a Sector Pivot
- Salesforce management to meet with Mizuho
- OpenAI rival near deal to raise funds from Nvidia, Salesforce, Bloomberg says