BTIG Research Boosts Salesforce to Buy, Sees 22% Upside Potential

Salesforce (NYSE:CRM) continues to impress Wall Street analysts. The company's stock has been reissued with a 'buy' rating by BTIG Research, who now set their price target at $255.00.

This represents a potential upside of 21.89% from Salesforce's current price of $209.20. Notably, the company reported better-than-expected earnings in its last quarterly report, with $3.88 EPS beating analysts' estimates by $0.75.

While not all analysts are bullish on CRM, BTIG Research's 'buy' rating joins several other positive views from top research firms like Jefferies Financial Group and Roth Capital.