RBC Capital raised the firm’s price target on Salesforce (CRM) to $420 from $300 and keeps an Outperform rating on the shares. The company reported a solid quarter as its subscription revenue growth stabilized, and cRPO – Current Remaining Performance Obligation – growth came in solid, remaining in double-digits, the analyst tells investors in a research note. Salesforce’s operating margins were also solid and its FY25 was raised slightly, while its Agentforce updates were encouraging, RBC adds.
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Read More on CRM:
- Morning Movers: Salesforce jumps after Q3, Foot Locker sinks after guidance cut
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- Salesforce price target raised to $425 from $375 at Wedbush
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
