RBC Capital lowered the firm’s price target on Salesforce (CRM) to $250 from $275 and keeps a Sector Perform rating on the shares. The company posted a solid Q2 with beats across the board, highlighted by continued strength in Data Cloud and Al, but Q3 guidance was only in line with consensus, tempering near-term upside in the stock, the analyst tells investors in a research note. Q2 performance was solid, but the firm is questioning the durability of demand, especially with Agentforce, RBC added.
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