Salesforce: Jefferies still a buyer - raises target price

(CercleFinance.com) - An analyst at Jefferies said on Monday that he is raising his target price for the share of software publisher Salesforce, from 205 dollars to 220 dollars.


The broker also confirms its "buy" recommendation on the share.
"We believe mgmt. can right the ship by taking a breather on M&A, delivering on margins, and focusing on driving organic growth. We remain positive on CRM given robust LT pipeline and valuation," the broker said.


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