JMP Securities Reiterates Market Perform on Salesforce, Maintains $250 Price Target
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens has reiterated a Market Perform rating on Salesforce (NYSE:CRM) and maintained a $250 price target.
May 22, 2023 | 12:48 pm
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NEUTRAL IMPACT
Salesforce (NYSE:CRM) receives a reiterated Market Perform rating from JMP Securities analyst Patrick Walravens, with a maintained $250 price target.
The news of JMP Securities reiterating a Market Perform rating on Salesforce and maintaining a $250 price target is neutral for the stock. It indicates that the analyst believes the stock is fairly valued and is not expected to outperform or underperform the market in the short term. This rating is relevant to investors as it provides an updated view on the stock's valuation, but it is not critical as it does not suggest any significant change in the company's fundamentals or outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100