Salesforce: Wedbush raises TP
(CercleFinance.com) - Wedbush has confirmed its 'outperform' rating on Salesforce shares, raising its target price for them from $315 to $325, noting that the CRM (customer relationship management) software vendor remains one of its favorite names amongst tech stocks for next year.
The broker is more optimistic about the stock's future in light of positive customer feedback, pointing out that 'more customers are seeing high use cases for Salesforce's entire product portfolio.
Wedbush says that Salesforce will be a clear second-tier beneficiary of the AI revolution, which could add around $40 per share to the case as the monetization theme takes shape over the next 12 to 18 months.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker is more optimistic about the stock's future in light of positive customer feedback, pointing out that 'more customers are seeing high use cases for Salesforce's entire product portfolio.
Wedbush says that Salesforce will be a clear second-tier beneficiary of the AI revolution, which could add around $40 per share to the case as the monetization theme takes shape over the next 12 to 18 months.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.