JP Morgan Maintains Overweight on Salesforce, Raises Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Murphy has maintained an Overweight rating on Salesforce (NYSE:CRM) and increased the price target from $240 to $260.
November 30, 2023 | 7:14 pm
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POSITIVE IMPACT
Salesforce's stock may see a positive short-term impact due to JP Morgan's raised price target from $240 to $260 and the maintained Overweight rating.
Analyst ratings and price target adjustments are significant indicators for investors, often influencing stock prices. JP Morgan's increased price target and continued Overweight rating for Salesforce (CRM) suggest a strong confidence in the company's performance and potential for growth, which could lead to increased investor interest and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100