Loop Capital Maintains Hold on Salesforce, Raises Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Yun Kim maintains a Hold rating on Salesforce (NYSE:CRM) and raises the price target from $240 to $270.
August 29, 2024 | 12:02 pm
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Loop Capital has maintained its Hold rating on Salesforce but increased the price target from $240 to $270, indicating a more optimistic outlook on the stock's potential.
The increase in price target from $240 to $270 suggests a positive outlook on Salesforce's future performance, which could lead to a short-term increase in stock price. However, the Hold rating indicates that the analyst does not see enough upside to recommend a Buy.
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IMPORTANCE 80
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