Guggenheim Analyst Sticks to Salesforce Buy Recommendation

Guggenheim analyst John Difucci has reaffirmed his Buy rating on Salesforce, with a price target of $228.00. This comes after the company's shares closed at $206.09 on August 21.

Difucci, who covers the Technology sector, has an impressive track record with an average return of 18.1% and a success rate of 63.11% on his recommended stocks.

The analyst consensus on Salesforce is currently a Moderate Buy, with an average price target of $238.94, representing a potential upside of 15.94% from current levels.

TD Cowen has also maintained a Buy rating on the stock with a $240.00 price target, further supporting Difucci's optimistic view.