RBC Capital Maintains Outperform on Salesforce, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria has maintained an Outperform rating on Salesforce (NYSE:CRM) and increased the price target from $240 to $285, indicating a positive outlook on the company's stock.
November 30, 2023 | 3:37 pm
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RBC Capital has reaffirmed its Outperform rating on Salesforce and raised the price target to $285, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like RBC Capital typically signals a strong conviction in the company's growth prospects and financial health. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100