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Salesforce pieces coming together for improving growth, says Morgan Stanley

Morgan Stanley says Salesforce (CRM) Q2 results, while ahead of consensus, were largely inline with buyside expectations and “alone are unlikely to prove an upward catalyst.” However, the firm can see “the pieces coming together for a more positive trajectory in growth and a solid catalyst path ahead,” adds the analyst, who cites building traction in Agentforce and Data Cloud, ramping sales capacity and accelerating pipeline growth. The firm maintains an Overweight rating and $405 price target on Salesforce shares.

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