BMO Capital Maintains Outperform on Salesforce, Lowers Price Target to $252
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman has maintained an Outperform rating on Salesforce (NYSE:CRM) but has reduced the price target from $262 to $252.
November 21, 2023 | 6:22 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Salesforce's Outperform rating is maintained by BMO Capital, but the price target is lowered from $262 to $252, indicating a slightly reduced growth expectation.
The maintenance of an Outperform rating suggests that BMO Capital still has a positive outlook on Salesforce's performance. However, the reduction in the price target could imply a more conservative view on the company's growth prospects or valuation, which may slightly dampen investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100