Piper Sandler Maintains Neutral on Salesforce, Raises Price Target to $266
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained a Neutral rating on Salesforce (NYSE:CRM) but increased the price target from $232 to $266. This adjustment reflects a more optimistic outlook for Salesforce's stock value while not changing the overall investment stance.
November 30, 2023 | 9:32 am
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Piper Sandler has maintained a Neutral rating on Salesforce but raised the price target from $232 to $266, indicating a potential upside in the stock's value.
The increase in price target by Piper Sandler is a positive signal for Salesforce's stock, as it implies an expectation of higher future stock prices. While the rating remains Neutral, the higher price target can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100