Salesforce.com (CRM) Stock: $360 Price Target From BofA

By Amit Chowdhry ● Nov 23, 2021
  • The shares of Salesforce.com, Inc. (NYSE: CRM) have received a price target of $360 from BofA. These are the details.

The shares of Salesforce.com, Inc. (NYSE: CRM) have received a price target of $360 from BofA. And BofA analyst Brad Sills increased the price target on Salesforce from $330 while reiterating a “Buy” rating on the shares.

Sills noted that the feedback from the company’s partners suggests deal activity tracked in line or above expectations in the quarter, which often accelerates from steady second quarter growth, largely driven by continued momentum across the broader Salesforce stack. And Sills sees third quarter upside and increased margin discipline as likely catalysts for Salesforce shares.

Plus Sills had reiterated the stock as a top pick into the third quarter print.

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