Salesforce: Wedbush remains positive, lowers its target

(CercleFinance.com) - While lowering its price target from $325 to $315, Wedbush maintains its 'outperform' opinion on Salesforce, which 'remains among its favorite names to hold 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", said the broker, referring to its quarterly publication the previous evening.

We'd 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', he continues.

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