Northland analyst Nehal Chokshi lowered the firm’s price target on Salesforce (CRM) to $396 from $423 and keeps an Outperform rating on the shares. Despite “strong results,” the firm is cutting its price target as it calls the Informatica (INFA) acquisition “concerning,” but Northland adds that the deal concern does “not outweigh positive leading indicators.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRM:
- Salesforce’s Steady Growth Amidst Challenges: Hold Rating Justified
- Salesforce price target raised to $225 from $200 at DA Davidson
- Veeva price target raised to $304 from $254 at BofA
- Veeva price target raised to $300 from $270 at Needham
- Salesforce’s Strategic AI Positioning and Growth Potential Justify Buy Rating with $375 Target Price