After Salesforce (CRM) yesterday announced updated pricing for Enterprise and Unlimited Editions for Sales Cloud, Service Cloud, Field Service, and select Industries, Morgan Stanley analyst Keith Weiss said that given the fiscal Q3 launch of the updated pricing, contribution will not be material enough to impact or require a change to current FY26 Subscription Revenue guidance. However, the firm sees scope for the announced list price increase to drive about $1B of incremental revenue upside over the next two years, inflecting topline growth back into the double-digits, added the analyst, who maintains an Overweight rating and $404 price target on Salesforce shares.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRM:
- Salesforce prices rising as AI features bundled, says Stephens
- Salesforce’s Strategic Pricing and Innovation Drive: A Compelling Buy Opportunity
- Salesforce price increase supports fiscal 2026 outlook, says Barclays
- Salesforce (CRM) Hikes Prices of Major Products as AI Takes Center Stage
- Salesforce call volume above normal and directionally bullish