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Ieq Capital Buys into Salesforce Amid Analyst Upgrades

Guavy AI Editorial Team
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CRM
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Ieq Capital LLC acquired 400,588 shares of Salesforce Inc.'s (NYSE:CRM) stock worth approximately $62.76 million during the second quarter, according to its latest 13F filing with the Securities and Exchange Commission.

This move comes as several analysts have upgraded their ratings on CRM, citing growth potential and a strong earnings setup for the company's upcoming results.

Guggenheim reaffirmed its 'Buy' rating on Salesforce with a $228 price target, while Cantor Fitzgerald maintained an 'Overweight' rating with a $250 target.

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