RBC Reaffirms 'Sector Perform' Rating for Salesforce as Analysts Upgrade Targets

Royal Bank Of Canada (RBC) reaffirmed its 'sector perform' rating for Salesforce (NYSE:CRM), keeping a $250.00 price target on the CRM provider's stock, which suggests a potential upside of 3.00% from the current price.

The bank's assessment comes as analysts at Jefferies Financial Group have lifted their target price on Salesforce to $300.00 with a 'buy' rating, while Canaccord Genuity Group increased its price target to $300.00 and gave the company a 'buy' rating.

Meanwhile, Scotiabank cut Salesforce from a 'sector outperform' rating to a 'sector perform' rating in a research note, but analysts are generally optimistic about the company's AI monetization prospects and have raised their targets following recent upgrades.