Stocks
Salesforce Price Target Lifted by Monness Crespi & Hardt to $222.00
Monness Crespi & Hardt, a research firm, has increased its price target for Salesforce (NYSE:CRM) to $222.00 from $200.00 in a recent note.
This represents a potential upside of 14.91% from the stock's previous close.
The brokerage currently has a 'buy' rating on Salesforce's stock, which is one of several research firms that have commented on the CRM provider recently.
Other notable price target changes for Salesforce include Bank of America lowering its estimate to $160.00 and B. Riley Financial increasing its target to $240.00.
Analysts at Monness Crespi & Hardt believe the stock has strong potential, but this is not a consensus view among all research firms, as some have expressed caution about Salesforce's growth prospects.