Baird Upgrades Salesforce to Outperform, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Rob Oliver has upgraded Salesforce (NYSE:CRM) from Neutral to Outperform and increased the price target from $240 to $300, indicating a positive outlook for the company's stock.
January 11, 2024 | 11:48 am
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Salesforce's stock has been upgraded by Baird from Neutral to Outperform with a price target boost from $240 to $300, suggesting confidence in the company's growth prospects.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-expected future performance of the company. The substantial increase in the price target from $240 to $300 by Baird reflects a strong conviction in Salesforce's potential to outperform, which could lead to increased investor confidence and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100