Salesforce price target raised to $267 from $264 at Northland

Northland analyst Nehal Chokshi raised the firm’s price target on Salesforce (CRM) to $267 from $264 and keeps a Market Perform rating on the shares after the company reported “strong growth,” but still “within typical historical” growth levels. Short-term billings are “yet to break the critical 10-12% levels” and organic cRPO constant currency guide growth is “still short of the 10% threshold,” the analyst tells investors.