Citigroup Maintains Neutral on Salesforce, Raises Price Target to $233
Citigroup analyst Tyler Radke maintains Salesforce (NYSE:CRM) with a Neutral and raises the price target from $204 to $233.
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U.S. stocks mostly higher, Nasdaq up 1%. Synopsys Inc. reports strong Q3 results and raises outlook. Other gainers include Okta, Veeva, Salesforce, Ooma, Crowdstrike, Sailpoint, Hyperliquid, Tenable, Palo Alto Networks, and Zscaler.
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Citigroup analyst Tyler Radke maintains Salesforce (NYSE:CRM) with a Neutral and raises the price target from $204 to $233.
Read original at benzingaSalesforce stock surged 22% this week after beating Q2 2027 earnings expectations with $11.35B in revenue versus $11.32B expected, and posting $4.29 diluted EPS versus $3.27 anticipated. The company raised its fiscal 2027 revenue guidance to $46.1-$46.4B and EPS guidance to $10.21-$10.25, prompting analysts to raise price targets. At 12.1x operating cash flow versus its five-year average of 18.3x, the stock is considered undervalued.
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Read original at benzinga