Piper Sandler Maintains Neutral on Salesforce, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained a Neutral rating on Salesforce (NYSE:CRM) but increased the price target from $266 to $285. This adjustment reflects a more optimistic valuation of Salesforce's stock, suggesting potential for moderate growth or stability.
January 02, 2024 | 2:37 pm
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POSITIVE IMPACT
Salesforce's price target has been raised from $266 to $285 by Piper Sandler, while maintaining a Neutral rating. This suggests a potential upside for the stock, based on the analyst's revised expectations.
The increase in price target by a reputable analyst like Brent Bracelin can lead to positive investor sentiment and a potential short-term increase in Salesforce's stock price. The Neutral rating indicates that the analyst sees the company as fairly valued at the moment, but the raised target suggests there is room for growth. Investors may view this as a sign of confidence in Salesforce's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100