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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