Wells Fargo Maintains Overweight on Salesforce, Raises Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has maintained an Overweight rating on Salesforce (NYSE:CRM) and increased the price target from $265 to $280, indicating a positive outlook on the company's stock.
November 30, 2023 | 1:27 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo analyst Michael Turrin reaffirmed an Overweight rating on Salesforce and raised the price target to $280, suggesting confidence in the company's growth prospects.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can positively influence investor sentiment, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100