Truist lowered the firm’s price target on Salesforce (CRM) to $280 from $380 and keeps a Buy rating on the shares. The company’s Q4 results were stable with modest upside in subscription and support revenue, the analyst tells investors in a research note. Salesforce FY27 guidance is noisy given Informatica inclusion and soft organic Salesforce guide, though the firm is incrementally confident in Agentforce and other growth improvement drivers going forward, Truist added, noting however that its price target cut reflects sector valuation compression.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRM:
- Salesforce price target lowered to $200 from $235 at DA Davidson
- Volkswagen Stock (VWAGY) Powers Higher as Potentially AI-Proof Diesel Arm Everllence Attracts $9.44B Bids
- Closing Bell Movers: Netflix up 10% after backing away from Warner deal
- Midday Fly By: Nvidia sinks despite blowout guidance
- Salesforce price target lowered to $250 from $315 at Baird