RBC Capital Reiterates Outperform on Salesforce, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria reiterates an Outperform rating on Salesforce (CRM) and raises the price target from $325 to $350.
April 12, 2024 | 2:49 pm
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POSITIVE IMPACT
RBC Capital has reiterated an Outperform rating on Salesforce and increased the price target from $325 to $350.
The reiteration of an Outperform rating combined with an increased price target by a reputable analyst like RBC Capital's Rishi Jaluria is a strong positive signal for Salesforce. This adjustment reflects a bullish outlook on the company's future performance and is likely to influence investor sentiment positively in the short term, potentially leading to an increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100