Salesforce: up sharply, broker raises target

(CercleFinance.com) - Salesforce gained over 6% in New York, on the heels of a strong quarterly report from the CRM software company, with expectations beaten and targets raised.


Against this backdrop, Wedbush has reaffirmed its 'outperform' opinion on the stock, with a price target raised from $255 to $280,

"The company continues to see potential from the momentum of transformative multicloud deals, and its overall subscription business is still showing strength, driving the stock's sellers back into their caves for the rest of the year", the broker judges.


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