Oppenheimer Maintains Outperform on Salesforce, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Schwartz has maintained an Outperform rating on Salesforce (NYSE:CRM) and increased the price target from $250 to $275. This adjustment reflects a positive outlook on the company's performance and potential growth.
November 30, 2023 | 5:27 pm
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POSITIVE IMPACT
Salesforce's stock may see a positive short term impact due to Oppenheimer's increased price target from $250 to $275, signaling confidence in the company's growth prospects.
Price target increases by analysts typically suggest a bullish outlook on the stock, which can lead to increased investor confidence and a potential rise in the stock price in the short term. Given that the price target was raised by a notable margin and the rating was maintained at Outperform, this indicates a strong conviction in Salesforce's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100