JP Morgan Maintains Overweight on Salesforce, Raises Price Target to $310
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 $260 to $310.
February 29, 2024 | 4:29 pm
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POSITIVE IMPACT
Salesforce's Overweight rating is maintained by JP Morgan, with a price target increase from $260 to $310.
The increase in price target by a reputable analyst like Mark Murphy from JP Morgan is a strong positive signal for Salesforce. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100