Keybanc Maintains Overweight on Salesforce, Lowers Price Target to $268
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Michael Turits has maintained an Overweight rating on Salesforce (NYSE:CRM) but has reduced the price target from $272 to $268.
November 22, 2023 | 9:02 am
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NEUTRAL IMPACT
Keybanc maintains an Overweight rating on Salesforce but lowers the price target from $272 to $268.
The reduction in price target is minor and suggests a slight adjustment in valuation rather than a significant change in the company's outlook. The Overweight rating indicates that Keybanc still has a positive view on Salesforce's stock, which may balance out the impact of the reduced price target on investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100