Salesforce Analysts Expect Revenue Uplift and Monetization Potential Following Price Hike
Portfolio Pulse from Anusuya Lahiri
Salesforce, Inc (NYSE:CRM) announced a price increase for many Clouds effective August 2023, marking its first price hike in seven years. The average list price increase is about 9% for the impacted products. Analysts from BMO Capital, Mizuho, Needham, and B of A Securities maintain Salesforce with an Outperform or Buy rating, raising the price targets. The price increase is expected to support growth in FY25 and provide margin leverage.
July 12, 2023 | 6:21 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Salesforce's price increase for many Clouds is expected to support growth in FY25 and provide margin leverage. Analysts maintain an Outperform or Buy rating for the company.
The price increase is expected to support Salesforce's growth in FY25 and provide margin leverage, which is a positive signal for the company's financial performance. This is reflected in the Outperform or Buy ratings given by analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100