Salesforce Stock (CRM): $290 Price Target From Barclays

By Amit Chowdhry ● Jan 16, 2022
  • The shares of Salesforce.com, Inc. (NYSE: CRM) have received a $290 price target from Barclays. These are the details.

The shares of Salesforce.com, Inc. (NYSE: CRM) have received a $290 price target from Barclays. And Barclays analyst Raimo Lenschow is maintaining an “Overweight” rating on the shares.

Lenschow had named Salesforce a top software pick for 2022. And the company is positioned well to continue to outperform this year given the inflecting momentum in its core clouds along with a maturing cross-sell motion” that includes the likes of MuleSoft, Tableau, and now Slack.

Plus Lenschow believes Slack will add yet another dimension to grow customer footprints, as synergies continue to develop.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.