B of A Securities Maintains Buy on Salesforce, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Brad Sills has reaffirmed a Buy rating on Salesforce (NYSE:CRM) and increased the price target from $280 to $300, signaling confidence in the company's future performance.
November 30, 2023 | 11:55 am
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POSITIVE IMPACT
Salesforce's stock may see a positive short-term impact due to B of A Securities analyst Brad Sills maintaining a Buy rating and raising the price target to $300.
Analyst upgrades typically lead to positive short-term sentiment as they suggest a stronger outlook for the company. The increase in price target from $280 to $300 by B of A Securities reflects a bullish stance on Salesforce's future earnings and growth potential, which could encourage investors to buy shares, driving up the price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100