Salesforce (CRM) Stock: $273 Target And Overweight Rating

By Amit Chowdhry ● Oct 1, 2022
  • The shares of Salesforce (CRM) recently received a $273 price target from Morgan Stanley. These are the details.

The shares of Salesforce (CRM) recently received a $273 price target from Morgan Stanley.

Price target: $273

Rating: Overweight

Analyst: Morgan Stanley analyst Keith Weiss

Weiss pointed out that Salesforce’s management team took investor debates head-on at the company’s analyst day and they did well in addressing core areas of concern by addressing the maturation of the market opportunity, a commitment to further operating margin expansion, and a renewed focus on shareholder value. Plus Weiss suggested a quickening pace of product innovation and more detailed views of large opportunities within the customer base offered at the event point to a durable EBIT compound annual growth rate of over 25%.