Societe Generale Downgrades Salesforce to Hold, Raises Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Societe Generale analyst Richard Nguyen downgraded Salesforce (NYSE:CRM) from Buy to Hold and raised the price target from $227 to $230.
June 01, 2023 | 4:22 pm
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Salesforce downgraded to Hold by Societe Generale, with price target raised from $227 to $230.
The downgrade from Buy to Hold indicates that the analyst believes the stock's potential upside is limited in the short term. However, the price target increase from $227 to $230 suggests a slightly more optimistic outlook on the company's valuation. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100