Piper Sandler Maintains Neutral on Salesforce, Maintains $300 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained a Neutral rating on Salesforce (CRM) and kept the price target at $300. This indicates a continued expectation of stable performance from the company without significant upside or downside in the near term.
April 15, 2024 | 9:09 am
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NEUTRAL IMPACT
Salesforce's stock rating has been maintained as Neutral by Piper Sandler, with a price target of $300, suggesting a stable outlook without significant short-term changes.
The maintenance of a Neutral rating and a $300 price target by Piper Sandler suggests that the analyst sees no immediate catalysts that would significantly change Salesforce's stock price in the short term. This stability is crucial for investors looking for steady holdings. However, the high price target relative to current levels could imply underlying confidence in the company's fundamentals, despite the neutral stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100