DA Davidson analyst Gil Luria raised the firm’s price target on Salesforce (CRM) to $235 from $225 and keeps a Neutral rating on the shares. The company reported lower than expected revenue this quarter, but a strong bottom line beat that flowed through to the FY26 guide, the analyst tells investors in a research note. Management noted that it remains on track to reaccelerate revenue growth in 12 to 18 months, though the firm is “having a hard time” underwriting this given the rising competition for AI related IT budgets, DA Davidson added.
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