Salesforce: Wedbush remains positive, lowers TP

(CercleFinance.com) - While lowering its TP from $325 to $315, Wedbush maintains its 'outperform' rating on Salesforce shares, which remain among its favourite names to own in tech over the coming year as the AI story begins to take shape.


Salesforce is on its way to a higher growth, margin and FCF trajectory, and this is just a bump in the road during a period of transitional growth, the broker says, referring to its quarterly publication the previous evening.

We would be buyers on any weakness this morning, seeing a turnaround in the making for a leading technology stalwart, with a massive installed base led by one of the best CEOs in the global tech landscape, it continues.


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