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Salesforce: Jefferies raises TP after results

(CercleFinance.com) - Jefferies has reiterated its 'buy' recommendation on Salesforce shares, raising its target price for them from $400 to $425, on the heels of a quarterly publication deemed solid, with revenue growth and margin above consensus.


We continue to believe that Salesforce can generate double-digit revenue growth while increasing its margin to the mid- to high-30% range over time, the broker says, which also considers the stock's valuation "attractive".


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